Cogeco (TSE:CGO) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Cogeco Inc. (TSE:CGO) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$65.45 and traded as low as C$57.86. Cogeco shares last traded at C$58.09, with a volume of 53,408 shares traded.

Cogeco Stock Performance

The company’s 50-day moving average price is C$61.26 and its 200 day moving average price is C$65.38. The stock has a market capitalization of C$537.99 million, a PE ratio of -1.57, a PEG ratio of -0.28 and a beta of 0.80. The company has a debt-to-equity ratio of 961.67, a quick ratio of 0.51 and a current ratio of 0.49.

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