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

Key Points

• Cogeco Inc. shares fell below their 200-day moving average of C$62.18, trading as low as C$60.70 before closing at C$61.38.
• The company has a significant debt-to-equity ratio of 605.15 and a low current ratio of 0.40, indicating potential financial concerns.
• Cogeco operates in both Canadian and American broadband services, providing a variety of telecommunications services to residential and business customers.

Cogeco Inc. (TSE:CGO - ) 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 traded.

Cogeco Stock Up 0.7%

The company has a debt-to-equity ratio of 605.15, a current ratio of 0.40 and a quick ratio of 0.51. The stock's fifty day simple moving average is C$61.48 and its 200-day simple moving average is C$62.18. The stock has a market cap of C$583.05 million, a P/E ratio of 6.72, a PEG ratio of -0.28 and a beta of 0.55.

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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