Cogeco (TSE:CGO) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• Cogeco's share price fell below its 200-day moving average of C$61.64, trading as low as C$58.89 during recent trading.
• The company's current ratio is 0.40, with a debt-to-equity ratio significantly high at 605.15.
• Cogeco operates in the telecommunications industry with segments providing broadband services to both residential and business customers in Canada and the U.S.

Cogeco Inc. (TSE:CGO - )'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$61.64 and traded as low as C$58.89. Cogeco shares last traded at C$59.50, with a volume of 49,744 shares traded.

Cogeco Stock Up 0.9%

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 stock has a 50 day simple moving average of C$63.47 and a 200 day simple moving average of C$61.64. The firm has a market capitalization of C$564.87 million, a PE ratio of 6.12, a PEG ratio of -0.28 and a beta of 0.34.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.