Destiny Media Technologies (CVE:DSY) Share Price Passes Above 50-Day Moving Average of $1.41

Destiny Media Technologies Inc. (CVE:DSY) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1.41 and traded as high as C$1.46. Destiny Media Technologies shares last traded at C$1.46, with a volume of 5,986 shares traded.

Destiny Media Technologies Trading Up 8.1 %

The company has a market cap of C$14.78 million, a P/E ratio of 48.67 and a beta of 1.07. The company has a quick ratio of 5.78, a current ratio of 6.12 and a debt-to-equity ratio of 4.91. The firm’s 50-day moving average price is C$1.41 and its 200-day moving average price is C$1.38.

Destiny Media Technologies (CVE:DSY) last issued its earnings results on Monday, April 15th. The company reported C($0.01) earnings per share (EPS) for the quarter. Destiny Media Technologies had a net margin of 7.83% and a return on equity of 9.50%. The business had revenue of C$1.33 million for the quarter. As a group, equities research analysts expect 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.