Cogeco (TSE:CGO) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• Cogeco Inc. shares recently crossed above their 50-day moving average, with the stock trading at C$60.46 after reaching a high of C$60.66.
• The company has a market capitalization of C$574.31 million and a high debt-to-equity ratio of 605.15, indicating potential financial leverage concerns.
• Cogeco operates primarily in Canadian and American broadband services, providing a range of Internet, video, and telephony services to residential and business customers.

Cogeco Inc. (TSE:CGO - )'s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$60.09 and traded as high as C$60.66. Cogeco shares last traded at C$60.46, with a volume of 21,381 shares changing hands.

Cogeco Trading Up 0.3%

The company has a current ratio of 0.40, a quick ratio of 0.51 and a debt-to-equity ratio of 605.15. The business's fifty day simple moving average is C$60.09 and its two-hundred day simple moving average is C$62.28. The stock has a market capitalization of C$574.31 million, a P/E ratio of 6.62, a P/E/G ratio of -0.28 and a beta of 0.39.

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.

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