Stingray Digitl (TSE:RAY) Releases Quarterly Earnings Results

Stingray Digitl (TSE:RAY) posted its quarterly earnings results on Tuesday. The company reported C$0.31 EPS for the quarter, FiscalAI reports.

Stingray Digitl Trading Down 3.8%

TSE:RAY opened at C$14.42 on Thursday. The business’s 50-day moving average price is C$14.74. The firm has a market capitalization of C$981.06 million, a price-to-earnings ratio of 22.89 and a beta of 1.16. Stingray Digitl has a 52-week low of C$9.20 and a 52-week high of C$18.00.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of Stingray Digitl from C$20.50 to C$21.00 and gave the company a “buy” rating in a research note on Friday, June 5th. National Bank Financial reduced 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 research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus 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.