Cogeco (TSE:CGO) Sets New 52-Week Low – Time to Sell?

Cogeco Inc. (TSE:CGO)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as C$55.25 and last traded at C$55.52, with a volume of 25362 shares traded. The stock had previously closed at C$56.47.

Cogeco Stock Down 1.0%

The stock’s fifty day simple moving average is C$59.18 and its two-hundred day simple moving average is C$63.93. The company has a debt-to-equity ratio of 961.67, a current ratio of 0.49 and a quick ratio of 0.51. The company has a market capitalization of C$512.80 million, a price-to-earnings ratio of -1.50, a PEG ratio of -0.28 and a beta of 0.75.

Cogeco (TSE:CGO) last posted 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 during the quarter. Cogeco had a negative net margin of 11.78% and a negative return on equity of 43.86%. On average, sell-side analysts predict that Cogeco Inc. will post 11.054717 earnings per share 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.