Cogeco (TSE:CGO) Hits New 12-Month Low – Time to Sell?

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

Cogeco Price Performance

The firm has a market cap of C$514.03 million, a P/E ratio of -1.50, a P/E/G ratio of -0.28 and a beta of 0.75. The firm’s fifty day simple moving average is C$58.03 and its 200 day simple moving average is C$63.01. The company has a debt-to-equity ratio of 961.67, a quick ratio of 0.51 and a current ratio of 0.49.

Cogeco (TSE:CGO) last released its quarterly 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, 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.