Corus Entertainment (TSE:CJR.B) Shares Down 14.3% – Should You Sell?

Corus Entertainment Inc. (TSE:CJR.B) shares traded down 14.3% on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. 115,286 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 188,007 shares. The stock had previously closed at C$0.04.

Corus Entertainment Price Performance

The stock has a market capitalization of C$5.98 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 company’s fifty day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.03.

Corus Entertainment (TSE:CJR.B) last issued its quarterly earnings data on Friday, June 26th. The company reported C($0.15) earnings per share (EPS) for the quarter. The company had revenue of C$249.36 million for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. As a group, sell-side analysts predict that Corus Entertainment Inc. will post 0.0540541 EPS for the current 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.