Corus Entertainment (TSE:CJR.B) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B) shares crossed 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 437,608 shares traded.

Corus Entertainment Stock Performance

The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The firm’s 50-day moving average is C$0.03 and its two-hundred day moving average is C$0.03. The stock has a market cap 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 1.58.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings results on Friday, April 10th. The company reported C($0.04) earnings per share 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$230.18 million for the quarter. As a group, sell-side analysts expect that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current year.

About Corus Entertainment

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.