Corus Entertainment (OTCMKTS:CJREF) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of Corus Entertainment Inc. (OTCMKTS:CJREF) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.03 and traded as low as $0.0240. Corus Entertainment shares last traded at $0.0250, with a volume of 2,497 shares trading hands.

Corus Entertainment Stock Down 0.4%

The company has a 50-day simple moving average of $0.02 and a two-hundred day simple moving average of $0.03. The stock has a market cap of $4.90 million, a P/E ratio of -0.02 and a beta of 1.16.

Corus Entertainment (OTCMKTS:CJREF) last announced its quarterly earnings data on Friday, April 10th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $165.12 million during the quarter.

Corus Entertainment Company Profile

Corus Entertainment is a Canadian media and broadcasting company that develops, produces and distributes a broad range of content across multiple platforms. The company’s operations include a portfolio of television networks, radio stations and digital media assets that serve audiences nationwide. Its television offerings span conventional networks such as the Global Television Network as well as a suite of specialty channels covering news, lifestyle, kids and entertainment genres.

In radio, Corus Entertainment owns and operates markets in major urban and regional centres, featuring formats that range from pop and rock to talk and country.