Cogeco (TSE:CGO) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Cogeco Inc. (TSE:CGO) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$64.97 and traded as low as C$56.23. Cogeco shares last traded at C$56.30, with a volume of 33,465 shares trading hands.

Cogeco Trading Down 1.5%

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 company has a 50-day moving average price of C$60.36 and a 200-day moving average price of C$64.88. The company has a market capitalization of C$528.52 million, a price-to-earnings ratio of -1.55, a P/E/G ratio of -0.28 and a beta of 0.80.

Cogeco (TSE:CGO) last announced 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 firm had revenue of C$724.17 million during the quarter. Research analysts predict that Cogeco Inc. will post 11.054717 EPS for the current fiscal 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.