Posted at 7:00 a.m.
Another Stingray board member has just bought shares in the Montreal-based music service provider.
This time, the purchase transactions are worth approximately $400,000.
Robert Steele purchased a total of 74,600 shares of Stingray during the sessions of September 9 and 12.
The largest shareholder of Guru just bought more than $200,000 in shares of the Montreal-based organic energy drink company. Éric Graveline bought a block of 40,000 shares on Thursday at a unit price of $5.18. He is a member of the board of directors.
The Montreal company Havision lost two mid-week buy recommendations. Canaccord and Acumen Capital withdrew their support after learning of the video streaming solution provider’s most recent quarterly financial performance.
While the Canaccord analyst cites investors’ lack of appetite for small-cap stocks in particular, his colleague at Acumen says he prefers to sit on the sidelines until Haivision demonstrates that it can generate growth again. revenues and margins at the same level as in the past.
Waterfalls won RBC’s trust this week. The analyst Paul Quinn recommends since Tuesday the purchase of the action of the quebec paper company. This specialist expects the lower cost of certain inputs to have a positive effect on profitability despite weak demand for containerboard.
The action of the Montreal retailer DavidsTea fell back below the US$1 mark on Friday on the NASDAQ. The stock had slipped below this threshold at the start of the pandemic, but had rallied to more than US$5 last year. The current price gives a market value of 26 million US to the company.
Investors now seem to be taking central banks’ resolve to pursue a restrictive monetary policy seriously, underlines asset manager Mirabaud in its monthly financial letter published this week.
“Under these conditions, we are maintaining the defensive exposure of our equity portfolios. An underexposure to the equity market still seems justified to us given the more restrictive rhetoric from central bankers and the deterioration in economic fundamentals since June. »
The Montreal company Guru lost nearly a quarter of its stock market value on Wednesday after releasing its quarterly results. Shipments are up 14%, but this is the first time since its IPO that Guru has posted a year-over-year revenue decline. Guru sells its cheaper drinks to Pepsi because this new distributor provides services that the previous distributors did not offer (merchandising, account management, etc.).
Analyst Martin Landry, of Stifel GMP, withdrew his buy recommendation midweek, noting in particular that the 14% rise in shipments was below expectations and that the labor shortage had a impact. This expert believes that Guru is now valued “fairly”.
He also notes that in the current environment, investors are abandoning growth securities or unprofitable companies, which disadvantages Guru.
The Quebec titles of Havision, Guru, CAE, Cogeco, Lion, Velan and ECB all reached a new 52-week low on the Toronto Stock Exchange this week. Conversely, Saputo reached its highest level in 52 weeks this week.