Corus Entertainment (OTCMKTS:CJREF) Stock Price Crosses Below Two Hundred Day Moving Average of $0.32

Corus Entertainment Inc. (OTCMKTS:CJREF)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.32 and traded as low as $0.11. Corus Entertainment shares last traded at $0.11, with a volume of 159 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut Corus Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, June 10th.

Corus Entertainment Stock Down 13.3 %

The firm has a market cap of $21.11 million, a P/E ratio of -0.07 and a beta of 1.75. The firm’s 50-day moving average price is $0.10 and its 200 day moving average price is $0.32. 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:CJREF) last issued its earnings results on Monday, July 15th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $243.51 million during the quarter. Corus Entertainment had a positive return on equity of 1.27% and a negative net margin of 51.50%.

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.