Corus Entertainment (TSE:CJR.B) Stock Falls 14.3% – Time to Sell?

Corus Entertainment Inc. (TSE:CJR.B – Get Free Report) traded down 14.3% during trading on Wednesday. The stock traded as low as C$0.03 and last traded at C$0.03. 115,286 shares changed hands during trading, a decline of 39% from the average daily volume of 188,007 shares. The stock had previously closed at C$0.04.

Corus Entertainment Price Performance

The business has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.03. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of C$6.98 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.41.

Corus Entertainment (TSE:CJR.B – Get Free Report) last released its quarterly earnings data on Friday, June 26th. The company reported C($0.15) 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 for the quarter. As a group, research analysts predict that Corus Entertainment Inc. will post 0.0540541 EPS for the current fiscal year.

Corus Entertainment Company Profile

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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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