Corus Entertainment (TSE:CJR.B) Shares Down 12.5% – Time to Sell?

Corus Entertainment Inc. (TSE:CJR.B) fell 12.5% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 136,440 shares were traded during trading, a decline of 24% from the average daily volume of 180,154 shares. The stock had previously closed at C$0.04.

Corus Entertainment Stock Performance

The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.69 and a current ratio of 0.69. The business has a 50 day moving average price of C$0.03 and a two-hundred day moving average price of C$0.03. The company has a market cap of C$6.98 million, a P/E ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.47.

Corus Entertainment (TSE:CJR.B) last posted its quarterly earnings results on Friday, June 26th. The company reported C($0.15) earnings per share (EPS) for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The company had revenue of C$249.36 million for the quarter. On average, sell-side analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share 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.