Corus Entertainment (TSE:CJR.B) Stock Price Down 12.5% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.BGet Free Report) shares were down 12.5% during mid-day trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 116,097 shares changed hands during trading, a decline of 35% from the average daily volume of 177,667 shares. The stock had previously closed at C$0.04.

Corus Entertainment Stock Performance

The company has a market cap of C$6.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.47. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 254.56. The firm’s 50-day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.03.

Corus Entertainment (TSE:CJR.BGet Free Report) last posted its quarterly earnings results on Friday, June 26th. The company reported C($0.15) 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 company had revenue of C$249.36 million during the quarter. As a group, research analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

About Corus Entertainment

(Get Free Report)

Corus Entertainment Inc (TSX: CJR.B) is a leading media and content company that develops, delivers, and distributes high quality brands and content across platforms for audiences around the world. Engaging audiences since 1999, the company’s portfolio of multimedia offerings encompasses 25 specialty television services, 36 radio stations, 15 conventional television stations, digital and streaming platforms and social digital agency and media services. Corus’ roster of premium brands includes Global Television, W Network, Flavour Network, Home Network, The HISTORY® Channel, Showcase, Slice, Adult Swim, National Geographic and Global News, along with streaming platforms STACKTV, TELETOON+, Vivéo, the Global TV App, and Curiouscast.

Further Reading

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