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

Corus Entertainment Inc. (TSE:CJR.B)’s stock price passed above its 200-day moving average during trading on Wednesday . 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 35,834 shares changing hands.

Corus Entertainment Stock Down 12.5%

The company has a market capitalization of C$6.98 million, a P/E 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. The firm has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.03.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings data on Friday, June 26th. The company reported C($0.15) earnings per share for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. The business had revenue of C$249.36 million for the quarter. On average, equities research analysts expect that Corus Entertainment Inc. will post 0.0540541 EPS for the current fiscal 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.