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

Corus Entertainment Inc. (TSE:CJR.B) fell 14.3% during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. 131,089 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 204,326 shares. The stock had previously closed at C$0.04.

Corus Entertainment Trading Up 16.7%

The company’s 50 day moving average price is C$0.03 and its 200 day moving average price is C$0.04. 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 has a market cap of C$6.98 million, a PE ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.45.

Corus Entertainment (TSE:CJR.B) last issued its quarterly 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. As a group, analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS for the current fiscal year.

Corus Entertainment Company Profile

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.