Corus Entertainment (TSE:CJR.B) Shares Cross Below 200 Day Moving Average – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.05 and traded as low as C$0.03. Corus Entertainment shares last traded at C$0.03, with a volume of 872,780 shares traded.

Corus Entertainment Stock Up 16.7%

The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69. The firm has a market cap of C$6.98 million, a price-to-earnings ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.53. The business’s 50 day moving average price is C$0.03 and its 200 day moving average price is C$0.05.

Corus Entertainment (TSE:CJR.B) last posted its earnings results on Wednesday, January 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. The firm had revenue of C$267.57 million during the quarter. On average, equities analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS for the current year.

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. The company generates the vast majority of its revenue in Canada.