Corus Entertainment (TSE:CJR.B) Trading Down 26.3% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B) shares fell 26.3% during trading on Monday . The stock traded as low as C$0.07 and last traded at C$0.07. 5,167,285 shares were traded during mid-day trading, an increase of 2,492% from the average session volume of 199,324 shares. The stock had previously closed at C$0.10.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reduced their target price on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Corus Entertainment currently has an average rating of “Hold” and an average price target of C$0.15.

Corus Entertainment Stock Performance

The firm has a fifty day simple moving average of C$0.09 and a 200-day simple moving average of C$0.10. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The stock has a market cap of C$12.96 million, a price-to-earnings ratio of -0.04, a P/E/G ratio of -0.61 and a beta of 1.80.

Corus Entertainment Company Profile

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets.