Corus Entertainment (TSE:CJR.B) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Corus Entertainment Inc. (TSE:CJR.B) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.03 and traded as low as C$0.03. Corus Entertainment shares last traded at C$0.03, with a volume of 64,221 shares changing hands.

Corus Entertainment Price Performance

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 company has a market cap of C$5.98 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.41. The company has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.03.

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 net margin of 51.98% and a negative return on equity of 1,490.58%. The business had revenue of C$249.36 million for the quarter. On average, equities research analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

About Corus Entertainment

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.