Corus Entertainment (OTCMKTS:CJREF) Stock Passes Above 200 Day Moving Average – Here’s Why

Corus Entertainment Inc. (OTCMKTS:CJREF)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.08 and traded as high as $0.08. Corus Entertainment shares last traded at $0.08, with a volume of 20,000 shares.

Analyst Ratings Changes

Separately, TD Securities downgraded Corus Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd.

Corus Entertainment Stock Performance

The firm has a 50 day moving average price of $0.07 and a two-hundred day moving average price of $0.08. The company has a market cap of $16.15 million, a P/E ratio of -0.03 and a beta of 1.88.

Corus Entertainment (OTCMKTS:CJREF) last released its quarterly earnings data on Friday, January 10th. The company reported $0.10 EPS for the quarter. Corus Entertainment had a negative net margin of 64.66% and a positive return on equity of 15.04%.

Corus Entertainment Company Profile

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.