Cogeco (TSE:CGO) Sets New 1-Year Low – Here’s Why

Cogeco Inc. (TSE:CGO)’s stock 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 trading hands. The stock had previously closed at C$54.00.

Cogeco Stock Performance

The company has a market capitalization of C$524.45 million, a P/E ratio of -1.53, a PEG ratio of -0.28 and a beta of 0.75. The stock has a fifty day simple moving average of C$58.82 and a 200-day simple moving average of C$63.68. 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 released its quarterly earnings results on Wednesday, July 15th. The company reported C$3.10 EPS for the quarter. The business had revenue of C$724.17 million for the quarter. Cogeco had a negative return on equity of 43.86% and a negative net margin of 11.78%. Equities analysts forecast 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.