Corus Entertainment (TSE:CJR.B) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.03 and traded as high as C$0.04. Corus Entertainment shares last traded at C$0.04, with a volume of 209,724 shares trading hands.

Corus Entertainment Price Performance

The firm has a fifty day moving average price of C$0.03 and a 200 day moving average price of C$0.03. The firm has a market capitalization of C$6.98 million, a price-to-earnings 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.

Corus Entertainment (TSE:CJR.B) last released its earnings results on Friday, June 26th. The company reported C($0.15) earnings per share (EPS) for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. The business had revenue of C$249.36 million for the quarter. Sell-side analysts anticipate that Corus Entertainment Inc. will post 0.0540541 EPS for the current fiscal year.

Corus Entertainment Company Profile

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.