Cogeco (TSE:CGO) Sets New 1-Year Low – Here’s Why

Cogeco Inc. (TSE:CGO) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$53.91 and last traded at C$55.13, with a volume of 30756 shares trading hands. The stock had previously closed at C$54.00.

Cogeco Stock Up 2.6%

The business has a 50 day moving average of C$58.82 and a 200 day moving average of C$63.68. The company has a debt-to-equity ratio of 961.67, a current ratio of 0.49 and a quick ratio of 0.51. The firm has a market capitalization of C$524.45 million, a price-to-earnings ratio of -1.53, a price-to-earnings-growth ratio of -0.28 and a beta of 0.75.

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