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

Shares of Cogeco Inc. (TSE:CGO) hit a new 52-week low during trading on Monday. The company traded as low as C$49.10 and last traded at C$49.61, with a volume of 42236 shares traded. The stock had previously closed at C$51.63.

Cogeco Stock Performance

The firm’s 50 day moving average price is C$57.00 and its 200-day moving average price is C$62.28. The firm has a market cap of C$467.44 million, a price-to-earnings ratio of -1.37, a P/E/G ratio of -0.28 and a beta of 0.75. The company has a debt-to-equity ratio of 961.67, a current ratio of 0.49 and a quick ratio of 0.51.

Cogeco (TSE:CGO) last announced its earnings results on Wednesday, July 15th. The company reported C$3.10 earnings per share (EPS) for the quarter. The business 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%. On average, analysts anticipate that Cogeco Inc. will post 11.054717 earnings per share for the current 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.