Cogeco (OTCMKTS:CGECF) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Cogeco Inc. (OTCMKTS:CGECFGet Free Report)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $40.39 and traded as low as $37.60. Cogeco shares last traded at $37.60, with a volume of 2,475 shares trading hands.

Cogeco Stock Performance

The firm has a 50 day simple moving average of $42.32 and a 200-day simple moving average of $40.45.

Cogeco Company Profile

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Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.

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