Stingray Digitl (TSE:RAY) Trading Down 2.4% – What’s Next?

Stingray Digitl (TSE:RAY)’s stock price traded down 2.4% on Tuesday . The stock traded as low as C$13.00 and last traded at C$13.27. 67,549 shares were traded during trading, an increase of 12% from the average session volume of 60,112 shares. The stock had previously closed at C$13.59.

Analyst Upgrades and Downgrades

Separately, National Bank Financial cut their target price on shares of Stingray Digitl from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus target price of C$20.00.

Stingray Digitl Stock Performance

The firm has a market capitalization of C$902.82 million, a price-to-earnings ratio of 21.06 and a beta of 1.31. The firm has a fifty day simple moving average of C$14.80.

Stingray Digitl (TSE:RAY) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$0.38 earnings per share (EPS) for the quarter. The firm had revenue of C$124.84 million during the quarter.

About Stingray Digitl

Leveraging our expertise in personal care electrical appliance industry, we aim to promote consumer lifestyles and drive the awareness of personal grooming. Through Pure Beauty, we principally engage in the sourcing and wholesaling of personal care electrical appliances for international brand owners. We also provide product design and development collaboration as a value-added service for our customers. Our customers are brand owners of personal care electrical appliances who market and sell their personal care electrical appliances products to end consumers.