Destiny Media Technologies (CVE:DSY) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Destiny Media Technologies Inc. (CVE:DSY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.03 and traded as high as C$1.09. Destiny Media Technologies shares last traded at C$0.95, with a volume of 6,100 shares.

Destiny Media Technologies Price Performance

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 firm has a market cap of C$9.16 million, a price-to-earnings ratio of 31.67 and a beta of 0.95. The stock has a 50-day moving average price of C$1.03 and a 200 day moving average price of C$1.04.

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.