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

Corus Entertainment Inc. (TSE:CJR.B)’s share price dropped 14.3% during mid-day trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 206,243 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 208,486 shares. The stock had previously closed at C$0.04.

Corus Entertainment Stock Performance

The company 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. The company’s fifty day moving average is C$0.03 and its 200 day moving average is C$0.05. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B) last posted its quarterly earnings results on Wednesday, January 14th. The company reported C($0.01) earnings per share for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The business had revenue of C$267.57 million during the quarter. As a group, equities analysts predict 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.