Corus Entertainment (TSE:CJR.B) Stock Price Down 14.3% – Should You Sell?

Shares of Corus Entertainment Inc. (TSE:CJR.B) traded down 14.3% on Monday . The company traded as low as C$0.03 and last traded at C$0.03. 328,740 shares changed hands during trading, an increase of 83% from the average session volume of 179,758 shares. The stock had previously closed at C$0.04.

Corus Entertainment Trading Down 14.3%

The firm has a market cap of C$5.98 million, a price-to-earnings ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.63. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69. The business has a fifty day moving average of C$0.03 and a two-hundred day moving average of C$0.03.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings results on Friday, April 10th. The company reported C($0.04) earnings per share for the quarter. The firm had revenue of C$230.18 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 analysts expect that Corus Entertainment Inc. will post 0.0540541 earnings per share 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. The company generates the vast majority of its revenue in Canada.