Corus Entertainment (TSE:CJR.B) Shares Down 14.3% – What’s Next?

Shares of Corus Entertainment Inc. (TSE:CJR.B) fell 14.3% during mid-day trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 111,688 shares changed hands during trading, a decline of 38% from the average session volume of 180,480 shares. The stock had previously closed at C$0.04.

Corus Entertainment Trading Down 14.3%

The stock 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 1.49. The business’s fifty day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.69.

Corus Entertainment (TSE:CJR.B) last issued its earnings results on Friday, June 26th. The company reported C($0.15) 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 business had revenue of C$249.36 million for the quarter. On average, research analysts predict that Corus Entertainment Inc. will post 0.0540541 EPS 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.