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

Shares of Destiny Media Technologies Inc. (CVE:DSY) crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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 trading hands.

Destiny Media Technologies Stock Performance

The company has a fifty day moving average price of C$1.41 and a two-hundred day moving average price of C$1.38. The company has a debt-to-equity ratio of 4.91, a current ratio of 6.12 and a quick ratio of 5.78. The company has a market capitalization of C$14.78 million, a P/E ratio of 48.67 and a beta of 1.07.

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