Corus Entertainment (TSE:CJR.B) Stock Price Down 14.3% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.BGet Free Report) shares traded down 14.3% during mid-day trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. 328,740 shares changed hands during mid-day trading, an increase of 83% from the average session volume of 179,758 shares. The stock had previously closed at C$0.04.

Corus Entertainment Trading Down 14.3%

The business has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.03. 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 company has a market capitalization of C$5.98 million, a P/E ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.63.

Corus Entertainment (TSE:CJR.BGet Free Report) last issued its earnings results on Friday, April 10th. The company reported C($0.04) earnings per share (EPS) for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The firm had revenue of C$230.18 million during the quarter. Analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

Corus Entertainment Company Profile

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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.

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