Cogeco (TSE:CGO) Hits New 12-Month Low – Here’s What Happened

Cogeco Inc. (TSE:CGO)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as C$55.25 and last traded at C$55.52, with a volume of 25362 shares. The stock had previously closed at C$56.47.

Cogeco Price Performance

The company has a debt-to-equity ratio of 961.67, a quick ratio of 0.51 and a current ratio of 0.49. The firm has a 50-day moving average price of C$59.46 and a 200 day moving average price of C$64.16. The stock has a market capitalization of C$525.77 million, a P/E ratio of -1.54, a price-to-earnings-growth ratio of -0.28 and a beta of 0.75.

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 return on equity of 43.86% and a negative net margin of 11.78%.The company had revenue of C$724.17 million during the quarter. On average, analysts expect that Cogeco Inc. will post 11.054717 EPS for the current year.

About Cogeco

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.