Cogeco (TSE:CGO) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Cogeco Inc. (TSE:CGO)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$65.95 and traded as low as C$57.40. Cogeco shares last traded at C$57.68, with a volume of 45,045 shares traded.

Cogeco Trading Down 1.8%

The stock has a market cap of C$547.74 million, a PE ratio of -1.60, a P/E/G ratio of -0.28 and a beta of 0.80. The business’s fifty day moving average is C$62.01 and its 200 day moving average is C$65.87. The company has a quick ratio of 0.51, a current ratio of 0.49 and a debt-to-equity ratio of 961.67.

Cogeco (TSE:CGO) last issued its 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 company had revenue of C$724.17 million for the quarter. As a group, analysts predict 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.