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Cogeco (TSE:CGO) Shares Cross Below 200 Day Moving Average - What's Next?

Cogeco logo with Communication Services background

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.
  • MarketBeat previews the top five stocks to own by October 1st.

Cogeco Inc. (TSE:CGO - Get Free Report) shares crossed 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.

Cogeco Stock Performance

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 company's 50-day moving average price is C$62.94 and its two-hundred day moving average price is C$61.79. The company has a market capitalization of C$555.19 million, a price-to-earnings ratio of 6.02, a PEG ratio of -0.28 and a beta of 0.34.

About Cogeco

(Get Free Report)

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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