Corus Entertainment (TSE:CJR.B) Trading Down 12.5% – Should You Sell?

Shares of Corus Entertainment Inc. (TSE:CJR.B) dropped 12.5% on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. 128,518 shares were traded during mid-day trading, a decline of 25% from the average session volume of 172,345 shares. The stock had previously closed at C$0.04.

Corus Entertainment Stock Performance

The stock has a market capitalization of C$7.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.41. 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 firm’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.03.

Corus Entertainment (TSE:CJR.B) last issued its quarterly earnings results on Friday, June 26th. The company reported C($0.15) EPS for the quarter. The business had revenue of C$249.36 million during the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. As a group, research analysts predict 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.