Corus Entertainment (TSE:CJR.B) Shares Down 31.6% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B) dropped 31.6% during mid-day trading on Monday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 5,794,825 shares traded hands during trading, an increase of 2,752% from the average daily volume of 203,194 shares. The stock had previously closed at C$0.10.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reduced their price objective on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$0.15.

Corus Entertainment Stock Performance

The company’s fifty day moving average price is C$0.09 and its 200 day moving average price is C$0.10. The company has a market cap of C$12.96 million, a PE ratio of -0.04, a P/E/G ratio of -0.61 and a beta of 1.80. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70.

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.