Corus Entertainment (TSE:CJR.B) Shares Down 25% – Here’s Why

Shares of Corus Entertainment Inc. (TSE:CJR.B) traded down 25% on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 197,727 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 182,102 shares. The stock had previously closed at C$0.04.

Corus Entertainment Trading Down 12.5%

The company has a market cap of C$6.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.63. The stock’s 50 day moving average is C$0.03 and its 200-day moving average is 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.

Corus Entertainment (TSE:CJR.B) last posted its earnings results on Friday, June 26th. The company reported C($0.15) 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$249.36 million during the quarter. As a group, sell-side analysts anticipate that Corus Entertainment Inc. will post 0.0540541 EPS for the current 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.