Corus Entertainment (TSE:CJR.B) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

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

Corus Entertainment Price 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 company has a market cap 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 business has a 50-day moving average price of C$0.03 and a 200 day moving average price of C$0.03.

Corus Entertainment (TSE:CJR.B) last issued its earnings results on Friday, April 10th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$230.18 million during the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. As a group, research analysts expect that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal 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.