Corus Entertainment (TSE:CJR.B) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Corus Entertainment Inc. (TSE:CJR.B)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.05 and traded as low as C$0.03. Corus Entertainment shares last traded at C$0.03, with a volume of 16,474 shares trading hands.

Corus Entertainment Trading Down 14.3%

The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The firm has a market capitalization of C$5.98 million, a price-to-earnings ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.53. The firm’s 50-day moving average is C$0.04 and its 200 day moving average is C$0.05.

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