Corus Entertainment (OTCMKTS:CJREF) Shares Pass Below 200 Day Moving Average of $0.46

Corus Entertainment Inc. (OTCMKTS:CJREFGet Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.46 and traded as low as $0.14. Corus Entertainment shares last traded at $0.14, with a volume of 168,715 shares.

Analysts Set New Price Targets

Separately, Scotiabank lowered shares of Corus Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, June 10th.

View Our Latest Analysis on CJREF

Corus Entertainment Price Performance

The company has a market cap of $28.04 million, a P/E ratio of -0.09 and a beta of 1.75. The company’s 50-day moving average price is $0.27 and its 200-day moving average price is $0.46. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.65 and a quick ratio of 0.65.

Corus Entertainment (OTCMKTS:CJREFGet Free Report) last released its earnings results on Friday, April 12th. The company reported ($0.02) earnings per share for the quarter. Corus Entertainment had a negative net margin of 29.80% and a positive return on equity of 9.65%. The business had revenue of $222.79 million during the quarter.

Corus Entertainment Company Profile

(Get Free Report)

Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates in two segments, Television and Radio. The Television segment consists of specialty television networks, conventional television stations, digital and streaming platforms, a social digital agency, and a social media creator network; and provides technology and media services.

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