Destiny Media Technologies (CVE:DSY) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Destiny Media Technologies Inc. (CVE:DSY) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.17 and traded as low as C$1.00. Destiny Media Technologies shares last traded at C$1.00, with a volume of 1,251 shares.

Destiny Media Technologies Stock Down 13.0 %

The firm has a market cap of C$9.64 million, a PE ratio of 33.33 and a beta of 0.95. The company has a debt-to-equity ratio of 4.91, a current ratio of 5.29 and a quick ratio of 5.78. The business has a fifty day moving average price of C$1.05 and a two-hundred day moving average price of C$1.16.

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.