Corus Entertainment (TSE:CJR.B) Stock Price Down 12.5% – Here’s Why

Shares of Corus Entertainment Inc. (TSE:CJR.B) fell 12.5% during mid-day trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 116,097 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 177,667 shares. The stock had previously closed at C$0.04.

Corus Entertainment Stock Performance

The stock has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.03. 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 capitalization of C$6.98 million, a price-to-earnings ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.47.

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 net margin of 51.98% and a negative return on equity of 1,490.58%. The firm had revenue of C$249.36 million during the quarter. On average, analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS for the current 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.