Cogeco (TSE:CGO) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Cogeco Inc. (TSE:CGO)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$64.37 and traded as low as C$55.66. Cogeco shares last traded at C$56.23, with a volume of 11,183 shares.

Cogeco Stock Up 0.4%

The company has a fifty day simple moving average of C$59.59 and a 200-day simple moving average of C$64.32. The company has a quick ratio of 0.51, a current ratio of 0.49 and a debt-to-equity ratio of 961.67. The firm has a market cap of C$534.77 million, a P/E ratio of -1.56, a price-to-earnings-growth ratio of -0.28 and a beta of 0.75.

Cogeco (TSE:CGO) last posted its quarterly earnings data on Wednesday, July 15th. The company reported C$3.10 EPS for the quarter. Cogeco had a negative return on equity of 43.86% and a negative net margin of 11.78%.The firm had revenue of C$724.17 million for the quarter. On average, equities analysts anticipate that Cogeco Inc. will post 11.054717 earnings per share for the current year.

Cogeco Company Profile

Cogeco Inc is a telecommunications company. The company has two reportable operating segments, namely Canadian broadband services and American broadband services. The Canadian and American broadband services segments provide a wide range of Internet, video, and telephony services primarily to residential customers, as well as business services across their coverage areas. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.