Corus Entertainment (TSE:CJR.B) Trading Down 22.2% – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B) was down 22.2% on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 212,363 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 241,019 shares. The stock had previously closed at C$0.05.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CJR.B. TD Securities cut their price objective on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a report on Tuesday, November 4th. Royal Bank Of Canada dropped their target price on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Stock Performance

The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The stock has a market capitalization of C$6.98 million, a PE ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.88. The firm has a 50 day moving average price of C$0.07 and a 200-day moving average price of C$0.09.

Corus Entertainment (TSE:CJR.B) last issued its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) 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$232.09 million during the quarter. Research analysts expect that Corus Entertainment Inc. will post 0.0540541 EPS 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.