Stingray Digitl (TSE:RAY) Price Target Raised to C$21.50

Stingray Digitl (TSE:RAY) had its price target boosted by National Bank Financial from C$20.00 to C$21.50 in a research report sent to investors on Thursday,BayStreet reports. They currently have an outperform rating on the stock.

Stingray Digitl Trading Down 3.2%

Stingray Digitl stock traded down C$0.57 during mid-day trading on Thursday, hitting C$17.43. The stock had a trading volume of 44,026 shares, compared to its average volume of 47,183. The stock has a 50-day simple moving average of C$15.97 and a two-hundred day simple moving average of C$15.37. The stock has a market capitalization of C$1.17 billion, a PE ratio of -34.18 and a beta of 0.96. Stingray Digitl has a 12 month low of C$13.00 and a 12 month high of C$18.25.

Stingray Digitl (TSE:RAY) last announced its quarterly earnings data on Tuesday, November 10th. The company reported C$0.51 EPS for the quarter. The firm had revenue of C$171.39 million during the quarter.

Stingray Digitl Company Profile

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.