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

Corus Entertainment Inc. (TSE:CJR.B) dropped 14.3% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 115,286 shares traded hands during trading, a decline of 39% from the average daily volume of 188,007 shares. The stock had previously closed at C$0.04.

Corus Entertainment Stock Down 14.3%

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 market cap of C$5.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.41. The firm’s 50 day moving average is C$0.04 and its 200-day moving average is C$0.03.

Corus Entertainment (TSE:CJR.B) last released its earnings results on Friday, June 26th. The company reported C($0.15) EPS for the quarter. The firm had revenue of C$249.36 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, equities research analysts expect that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

Corus Entertainment Company Profile

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.