Corus Entertainment (OTCMKTS:CJREF) Shares Cross Below 200 Day Moving Average – Here’s What Happened

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 $0.08 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.

Wall Street Analysts Forecast Growth

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

Corus Entertainment Stock Up 3.7 %

The firm has a 50 day moving average of $0.07 and a 200 day moving average of $0.08. The firm has a market cap of $16.65 million, a PE ratio of -0.03 and a beta of 1.87.

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

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.