Stingray Digital (RAY-A.TO), which provides business-to-business multi-platform music, was steady at a day high of $7.50 in recent trade, having been initiated with a buy rating and $9.50 by Desjardins Securities. The stock moves at the top half of 52-week range $6.00 – $8.58.
The stock decreased 0.67% or $0.05 on May 31, hitting $7.45. About 8,558 shares traded hands. Stingray Digital Group Inc (TSE:RAY.A) has risen 8.28% since November 3, 2015 and is uptrending. It has outperformed by 6.02% the S&P500.
Stingray Digital Group Inc is a Canada firm that provides business-to-business multi-platform music and in-store media solutions. The company has a market cap of $260.66 million. The Firm offers music broadcasting and commercial music. It currently has negative earnings. The Company’s product portfolio includes Stingray Music, Stingray Music Videos, Stingray Concerts, Stingray Karaoke, Stingray Ambiance, Stingray Lite TV and Stingray Business.