Destiny Media Technologies (CVE:DSY) Sets New 52-Week High – Still a Buy?

Shares of Destiny Media Technologies Inc. (CVE:DSY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.96 and last traded at C$0.96, with a volume of 1000 shares. The stock had previously closed at C$0.80.

Destiny Media Technologies Stock Down 20.8%

The company has a market cap of C$7.32 million, a price-to-earnings ratio of -10.86 and a beta of 0.49. The company has a fifty day simple moving average of C$0.70 and a two-hundred day simple moving average of C$0.67.

Destiny Media Technologies Company Profile

Destiny Media Technologies Inc develops technologies that enable the distribution of digital media files in a streaming or digital download format over the Internet. It offers Play MPE, an online platform that distributes promotional content, including broadcast quality audio, video, images, promotional information, and other digital content from record labels and artists to broadcasting professionals, music curators, and music reviewers to discover, download, broadcast, and review the content; Play MPE CASTER; Play MPE Quickshare provides a distribution tool for Play MPE customers to promote music; and Play MPE Player for music curators to review and download content through cloud-based player and mobile apps.