Destiny Media Technologies (CVE:DSY) Shares Cross Below 50 Day Moving Average – What’s Next?

Destiny Media Technologies Inc. (CVE:DSY) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.71 and traded as low as C$0.37. Destiny Media Technologies shares last traded at C$0.57, with a volume of 3,500 shares.

Destiny Media Technologies Stock Up 37.3%

The stock’s 50-day simple moving average is C$0.71 and its 200 day simple moving average is C$0.63. The firm has a market cap of C$5.49 million, a P/E ratio of -8.14 and a beta of 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.