Corus Entertainment (TSE:CJR.B) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.03 and traded as low as C$0.03. Corus Entertainment shares last traded at C$0.03, with a volume of 67,964 shares changing hands.

Corus Entertainment Price Performance

The firm has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The company has a market capitalization of C$5.98 million, a price-to-earnings ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.63. 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 posted its earnings results on Friday, April 10th. The company reported C($0.04) EPS for the quarter. The business had revenue of C$230.18 million for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. As a group, analysts predict that Corus Entertainment Inc. will post 0.0540541 earnings per share 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.