Cogeco (TSE:CGO) Sets New 1-Year Low – Time to Sell?

Cogeco Inc. (TSE:CGO) hit a new 52-week low on Monday . The company traded as low as C$53.79 and last traded at C$54.28, with a volume of 1216 shares changing hands. The stock had previously closed at C$53.98.

Cogeco Stock Performance

The company has a quick ratio of 0.51, a current ratio of 0.49 and a debt-to-equity ratio of 961.67. The firm has a 50 day moving average price of C$57.66 and a 200 day moving average price of C$62.72. The stock has a market cap of C$502.95 million, a PE ratio of -1.47, 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 (EPS) for the quarter. The company had revenue of C$724.17 million for the quarter. Cogeco had a negative net margin of 11.78% and a negative return on equity of 43.86%. As a group, research analysts forecast 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.