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

Shares of Corus Entertainment Inc. (TSE:CJR.B) traded down 12.5% on Monday . The company traded as low as C$0.04 and last traded at C$0.04. 136,440 shares changed hands during trading, a decline of 24% from the average session volume of 180,154 shares. The stock had previously closed at C$0.04.

Corus Entertainment Stock Performance

The company’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.03. The firm has a market cap of C$7.98 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 quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 254.56.

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. As a group, sell-side analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS for the current 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.