Stingray Digitl (TSE:RAY) Issues Earnings Results

Stingray Digitl (TSE:RAY) announced its quarterly earnings data on Tuesday. The company reported C$0.31 earnings per share for the quarter, FiscalAI reports.

Stingray Digitl Price Performance

Shares of Stingray Digitl stock traded up C$0.48 during trading on Tuesday, hitting C$14.99. 26,441 shares of the company were exchanged, compared to its average volume of 55,017. Stingray Digitl has a fifty-two week low of C$8.58 and a fifty-two week high of C$18.00. The stock has a market cap of C$1.02 billion, a PE ratio of 23.79 and a beta of 1.16. The stock has a 50 day moving average of C$14.71.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. National Bank Financial reduced their price target on shares of Stingray Digitl from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Canaccord Genuity Group lifted their price target on shares of Stingray Digitl from C$20.50 to C$21.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Stingray Digitl has an average rating of “Buy” and an average target price of C$20.50.

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.