Cogeco (TSE:CGO) Sets New 1-Year Low – What’s Next?

Cogeco Inc. (TSE:CGO)’s share price hit a new 52-week low on Monday . The company traded as low as C$53.91 and last traded at C$55.13, with a volume of 30756 shares changing hands. The stock had previously closed at C$54.00.

Cogeco Stock Up 0.2%

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’s fifty day moving average is C$58.52 and its 200-day moving average is C$63.42. The company has a market cap of C$520.57 million, a PE ratio of -1.52, a PEG ratio of -0.28 and a beta of 0.75.

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