Destiny Media Technologies (CVE:DSY) Shares Down 26.9% – Should You Sell?

Destiny Media Technologies Inc. (CVE:DSY) shares dropped 26.9% on Thursday . The company traded as low as C$0.95 and last traded at C$0.95. Approximately 6,100 shares were traded during trading, an increase of 94% from the average daily volume of 3,140 shares. The stock had previously closed at C$1.30.

Destiny Media Technologies Stock Performance

The company has a 50-day moving average of C$1.04 and a 200-day moving average of C$1.06. The firm has a market capitalization of C$9.16 million, a P/E ratio of 31.67 and a beta of 0.95. The company has a current ratio of 5.29, a quick ratio of 5.78 and a debt-to-equity ratio of 4.91.

Destiny Media Technologies Company Profile

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.