Corus Entertainment (TSE:CJR.B) Trading Down 26.3% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B)’s stock price traded down 26.3% during mid-day trading on Monday . The stock traded as low as C$0.07 and last traded at C$0.07. 5,167,285 shares were traded during trading, an increase of 2,492% from the average session volume of 199,324 shares. The stock had previously closed at C$0.10.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reduced their price objective on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$0.15.

Corus Entertainment Stock Down 31.6%

The firm’s 50-day simple moving average is C$0.09 and its 200 day simple moving average is C$0.10. The company has a market cap of C$12.96 million, a P/E ratio of -0.04, a PEG ratio of -0.61 and a beta of 1.80. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69.

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.