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

Corus Entertainment Inc. (TSE:CJR.B)’s share price was down 12.5% on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 128,518 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 172,345 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$0.04 and a 200 day simple moving average of C$0.03. The company has a market capitalization of C$7.98 million, a PE ratio of -0.02, a price-to-earnings-growth 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.

Corus Entertainment (TSE:CJR.B) last issued 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 firm had revenue of C$249.36 million during the quarter. 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.