Cogeco (TSE:CGO) Sets New 52-Week Low – What’s Next?

Cogeco Inc. (TSE:CGO)’s stock price hit a new 52-week low during trading on Monday. The company traded as low as C$47.60 and last traded at C$47.94, with a volume of 11853 shares trading hands. The stock had previously closed at C$49.06.

Cogeco Stock Performance

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 stock has a fifty day moving average of C$55.80 and a 200-day moving average of C$61.48. The stock has a market cap of C$454.28 million, a PE ratio of -1.33, a price-to-earnings-growth ratio of -0.28 and a beta of 0.75.

Cogeco (TSE:CGO) last released its earnings results on Wednesday, July 15th. The company reported C$3.10 EPS for the quarter. The company 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, equities analysts forecast that Cogeco Inc. will post 11.054717 EPS for the current year.

About Cogeco

Cogeco Inc is a North American leader in the telecommunications and media sectors. Through Cogeco Communications Inc, we provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Through Cogeco Media, we operate 21 radio stations in Canada, primarily in the province of Quebec, as well as a news agency. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.