|Bid||3.7500 x 0|
|Ask||4.0500 x 0|
|Day's Range||3.7900 - 4.2800|
|52 Week Range||3.2000 - 8.0600|
|Beta (5Y Monthly)||0.61|
|PE Ratio (TTM)||11.73|
|Forward Dividend & Yield||0.30 (8.57%)|
|Ex-Dividend Date||Feb. 26, 2020|
|1y Target Est||N/A|
Stingray Group Inc (TSX: RAY.A; RAY.B) (“Stingray”), a leading music, media and technology company, today announced that it has received approval of the Toronto Stock Exchange (“TSX”) to amend its normal course issuer bid (“NCIB”) in order to increase the maximum number of subordinate voting shares and variable subordinate voting shares (collectively, “Subordinate Shares”) that it intends to repurchase for cancellation during the twelve month period ending August 15, 2020 from 2,924,220 Subordinate Shares to 4,903,887 Subordinate Shares, representing approximately 10% of the public float of Subordinate Voting Shares as at August 7, 2019. All other terms and conditions of the NCIB remain unchanged. The Subordinate Shares will be purchased on behalf of Stingray by a registered broker through the facilities of the TSX or alternative Canadian trading systems.
Starting today, Stingray will give one-month access to free content in three of its popular apps: Stingray Karaoke, Stingray Qello, and Stingray Classica. The Stingray Karaoke app’s entire catalog of over 50,000 songs will provide hours of fun for those looking for ways to pass the time and lift their spirits during work and school shutdowns. For concert-lovers, Stingray Qello will unlock popular titles of full-length productions with a special focus on artists who have canceled or postponed their shows.
MONTREAL, March 06, 2020 -- Stingray (TSX: RAY. A; RAY. B.), a leading music, media, and technology company, today announced that it has acquired 30% interest in The Podcast.
Stingray Group Inc. (TSE:RAY.A) is about to trade ex-dividend in the next 4 days. Ex-dividend means that investors...
MONTREAL, Feb. 18, 2020 -- Stingray (TSX: RAY.A; RAY.B), a leading music, media and technology company, today announced the premiere launch of Stingray Country, a music video.
MONTREAL — Stingray Group Inc. swung to a profit in the third quarter as revenues grew 15 per cent to $81.3 million.The Montreal-based company, which provides advertising-free music service, says it earned $8.09 million for the period ended Dec. 31, compared with a loss of $18.05 million a year earlier.Last year's loss included a $25.3 million non-recurring CRTC tangible benefits expense related to the acquisition of Newfoundland Capital Corporation Inc. and its ratio stations across Canada in October 2018.Excluding one-time items, adjusted profits were $16.7 million or 22 cents per share. That's up from $12.4 million or 18 cents per share in the prior year.Revenues were up from $70.8 million while recurring revenues increased 1.1 per cent to $33.7 million. The increase of revenues follows the acquisition of Newfoundland Capital Corporation Inc. and a 10 per cent increase in subscriptions to 392,000.The company was expected to earn 23 cents per share in adjusted net income on $81.6 million of revenues, according to financial markets data firm Refinitiv.This report by The Canadian Press was first published Feb. 5, 2020.Companies in this story: (TSX:RAY.A)The Canadian Press
Third Quarter Highlights Revenues increased to $81.3 million, an increase of 14.9% YoYOrganic growth of 3.3% excluding the impact of foreign exchange, primarily due to.
Stingray’s commercial services division, Stingray Business, is poised to expand its activities with the acquisition of Chatter Research Inc., a Toronto-based leader in the design, development, and implementation of AI driven real-time customer feedback solutions for retail and hospitality businesses. Founded in 2016, Chatter has designed, developed and deployed its own proprietary customer research and real-time feedback platform powered by AI and big data. The company’s combination of free-text chats and machine learning captures unique customer insights and allows business owners to improve customer satisfaction and drive sales.
Eric Boyko has been the CEO of Stingray Group Inc. (TSE:RAY.A) since 2007. First, this article will compare CEO...
Tune in free to a night of music and art celebrating mental wellness, presented by American Campus Communities. Star-studded lineup includes Cage the Elephant, White Denim,.
MONTREAL, Jan. 10, 2020 -- Stingray Group Inc. (TSX: RAY.A; RAY.B) will release its financial results for the third quarter ended December 31, 2019, on Wednesday, February 5,.
Investors who take an interest in Stingray Group Inc. (TSE:RAY.A) should definitely note that the Independent...
MONTREAL, Dec. 12, 2019 -- Stingray (TSX: RAY. A; RAY. B), a leading music, media, and technology company, today announced the launch of Stingray Music’s audio linear channels.
Today we'll evaluate Stingray Group Inc. (TSE:RAY.A) to determine whether it could have potential as an investment...
Stingray, a leading business-to-business multi-platform music and in-store media solution provider, today announced that it has concluded a long-term deal to provide custom music programming and in-store messaging for over one thousand leading grocery and pharmacy METRO’s establishments. Retailers under the agreement include Metro and Metro Plus in Quebec, Metro in Ontario, Super C, Food Basics, Adonis, Les 5 Saisons, Brunet, and Jean Coutu. Stingray’s strong partnership as the digital signage provider for Brunet and Jean Coutu for over the last ten years has set the foundation for continuing to strengthen the brands’ customer experience with cutting-edge audio solutions.
Second Quarter Highlights Revenues increased 120.7% to $76.6 millionRecurring Broadcasting and Commercial Music revenues(1) increased 9.4% to $33.5 millionRadio accounted for.
MONTREAL, Oct. 10, 2019 -- Stingray Group Inc. (TSX: RAY.A; RAY.B) will release its financial results for the second quarter ended September 30, 2019, on Wednesday, November 6,.
MONTREAL, Oct. 7, 2019 /CNW Telbec/ - A Leger study on Background Music in Canadian Small Businesses commissioned by Stingray sheds light on Canadian small business owners' lack of awareness of the legal framework governing the use of music in public spaces: 82% are unaware of the applicable legislation and of their legal obligations to performers and composers. According to the study, while music is considered essential by 71% of respondents, only 11% pay rights to music creators. The study also reveals that 48% of business owners consider it important to broadcast Canadian music but only 18% declared being willing to pay tariffs to right holders.
RAY.B), a music, media, and technology company, today announced that its highly-rated music app (4.8 in the Apple App Store and 4.7 in Google Play) is now available free to everybody in the US. Previously available exclusively to pay-TV subscribers, the Stingray Music app, a mobile music streaming service, offers an unparalleled listening experience of hundred genres like hip-hop, pop, electronic, indie, Christian, jazz, country music, and more! The comprehensive channel selection covers all styles and tastes, from the most mainstream to the most niche. Recently redesigned from the ground up, Stingray Music empowers listeners to easily find the perfect soundtrack for all of life’s moments.
RAY.B), a proudly Canadian music, media, and technology company, today announced that its highly-rated music app (4.8 in the Apple App Store and 4.7 in Google Play) is now available to all Canadians. Previously available exclusively to pay-TV subscribers, the Stingray Music app, the only 100% Canadian mobile music streaming service, offers an unparalleled listening experience of local and international content. Recently redesigned from the ground up, Stingray Music empowers listeners to easily find the perfect soundtrack for all of life’s moments.
AUDIO360TM connects advertisers with 22 million weekly listeners through customizable multi-platform audio solutions MONTREAL, Sept. 26, 2019 -- Bell Media, Canada’s leading.
MONTREAL, Sept. 12, 2019 -- Stingray today announced that Stingray Qello, its multiplatform service that transforms any screen into a live concert experience, has been named.
Stingray Group Inc. (TSE:RAY.A) shareholders should be happy to see the share price up 26% in the last quarter. But...
RAY.B) (“Stingray”), a leading business-to-business multi-platform music and in-store media solutions provider, today announced that the Toronto Stock Exchange (“TSX”) has approved its share repurchase program (the “Program”), authorizing Stingray to repurchase up to an aggregate 2,924,220 subordinate voting shares and variable subordinate voting shares (collectively, “Subordinate Shares”), representing approximately 5% of the 58,484,449 issued and outstanding Subordinate Shares as at August 7, 2019. In accordance with TSX requirements, Stingray is entitled to purchase, on any trading day, up to a total of 16,004 Subordinate Shares representing 25% of this average daily trading volume. Stingray believes that the purchase of up to 2,924,220 Subordinate Shares under the Program is an appropriate use of its funds and a desirable investment for Stingray and, therefore, would be in the best interests of Stingray.