Destiny Media Technologies (CVE:DSY) Share Price Passes Below 200 Day Moving Average of $1.24

Shares of Destiny Media Technologies Inc. (CVE:DSY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.24 and traded as low as C$1.04. Destiny Media Technologies shares last traded at C$1.18, with a volume of 1,700 shares trading hands.

Destiny Media Technologies Stock Performance

The company has a market capitalization of C$11.38 million, a price-to-earnings ratio of 39.33 and a beta of 0.98. The stock has a 50 day simple moving average of C$0.99 and a 200 day simple moving average of C$1.24. The company has a quick ratio of 5.78, a current ratio of 5.29 and a debt-to-equity ratio of 4.91.

Destiny Media Technologies (CVE:DSY) last released its quarterly earnings data on Monday, July 15th. The company reported C$0.01 earnings per share (EPS) for the quarter. Destiny Media Technologies had a return on equity of 6.68% and a net margin of 5.18%. The business had revenue of C$1.58 million during the quarter. As a group, analysts anticipate that Destiny Media Technologies Inc. will post 0.01 earnings per share for the current fiscal year.

About Destiny Media Technologies

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.