Cogeco (TSE:CGO) Shares Cross Below 200-Day Moving Average – Here’s Why

Cogeco Inc. (TSE:CGOGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$62.18 and traded as low as C$60.70. Cogeco shares last traded at C$61.38, with a volume of 9,814 shares trading hands.

Cogeco Stock Up 0.7%

The company has a quick ratio of 0.51, a current ratio of 0.40 and a debt-to-equity ratio of 605.15. The firm has a market cap of C$583.05 million, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of -0.28 and a beta of 0.55. The stock’s 50 day moving average is C$61.48 and its 200 day moving average is C$62.18.

Cogeco Company Profile

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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.

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