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

Corus Entertainment Inc. (OTCMKTS:CJREF) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.08 and traded as low as $0.08. Corus Entertainment shares last traded at $0.08, with a volume of 1,201,896 shares changing hands.

Analyst Ratings Changes

Separately, TD Securities cut shares of Corus Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd.

Corus Entertainment Trading Up 3.7 %

The company has a market capitalization of $16.65 million, a P/E ratio of -0.03 and a beta of 1.87. The stock’s fifty day moving average is $0.07 and its 200 day moving average is $0.08.

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

About Corus Entertainment

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.