Cogeco (TSE:CGO) Reaches New 52-Week Low – What’s Next?

Cogeco Inc. (TSE:CGO)’s stock price hit a new 52-week low during trading on Monday. The stock traded as low as C$49.10 and last traded at C$49.61, with a volume of 42236 shares. The stock had previously closed at C$51.63.

Cogeco Trading Down 0.6%

The firm has a market capitalization of C$461.66 million, a price-to-earnings ratio of -1.35, a PEG ratio of -0.28 and a beta of 0.75. The business has a 50 day moving average of C$56.49 and a 200 day moving average of C$61.95. The company has a debt-to-equity ratio of 961.67, a current ratio of 0.49 and a quick ratio of 0.51.

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

About Cogeco

Cogeco Inc is a North American leader in the telecommunications and media sectors. Through Cogeco Communications Inc, we provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Through Cogeco Media, we operate 21 radio stations in Canada, primarily in the province of Quebec, as well as a news agency. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.