Corus Entertainment (TSE:CJR.B) Trading Down 12.5% – Should You Sell?

Corus Entertainment Inc. (TSE:CJR.B)’s stock price traded down 12.5% on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. 128,518 shares were traded during trading, a decline of 25% from the average daily volume of 172,345 shares. The stock had previously closed at C$0.04.

Corus Entertainment Stock Performance

The company has a market cap of C$7.98 million, a PE ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.41. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The business has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.03.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings results 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 firm had revenue of C$249.36 million for the quarter. On average, analysts predict that Corus Entertainment Inc. will post 0.0540541 EPS for the current fiscal year.

About Corus Entertainment

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.