Corus Entertainment (TSE:CJR.B) Stock Price Down 14.3% – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B) fell 14.3% on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. 206,243 shares changed hands during trading, a decline of 1% from the average session volume of 208,486 shares. The stock had previously closed at C$0.04.

Corus Entertainment Stock Performance

The company has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.05. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The stock has a market cap of C$5.98 million, a P/E ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.53.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings data on Wednesday, January 14th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$267.57 million for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. On average, 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.