Corus Entertainment (TSE:CJR.B) Stock Price Down 31.6% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B) shares traded down 31.6% during mid-day trading on Tuesday . The stock traded as low as C$0.07 and last traded at C$0.07. 5,794,825 shares changed hands during trading, an increase of 2,752% from the average session volume of 203,194 shares. The stock had previously closed at C$0.10.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lowered their price objective on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Corus Entertainment has an average rating of “Hold” and a consensus target price of C$0.15.

Corus Entertainment Trading Down 31.6%

The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The firm’s 50 day moving average price is C$0.09 and its 200 day moving average price is C$0.10. The stock has a market capitalization of C$12.96 million, a P/E ratio of -0.04, a P/E/G ratio of -0.61 and a beta of 1.80.

About Corus Entertainment

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.