Colabor Group (TSE:GCL) Trading Down 14.3% – Time to Sell?

Colabor Group Inc. (TSE:GCL)’s share price was down 14.3% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 837,641 shares changed hands during mid-day trading, an increase of 309% from the average daily volume of 204,756 shares. The stock had previously closed at C$0.04.

Analysts Set New Price Targets

GCL has been the topic of several recent analyst reports. Raymond James Financial raised Colabor Group to a “hold” rating in a research report on Monday, October 20th. Desjardins dropped their price target on shares of Colabor Group from C$1.50 to C$0.50 and set a “buy” rating on the stock in a report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$1.00.

Colabor Group Stock Performance

The firm has a market capitalization of C$3.57 million, a P/E ratio of -0.04, a P/E/G ratio of 0.61 and a beta of -0.32. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 153.61. The stock has a 50 day simple moving average of C$0.26 and a 200-day simple moving average of C$0.60.

Colabor Group (TSE:GCL) last posted its quarterly earnings data on Friday, October 17th. The company reported C($0.73) earnings per share (EPS) for the quarter. The business had revenue of C$212.47 million during the quarter. Colabor Group had a return on equity of 0.83% and a net margin of 0.14%. On average, equities research analysts forecast that Colabor Group Inc. will post 0.0199693 EPS for the current fiscal year.

Colabor Group Company Profile

Colabor Group Inc is a wholesaler and distributor of food and related products in Canada. The company operates in two segments Distribution and Wholesale segment. Its Distribution segment operations include the distribution of food products and related products in hotels, restaurants and institutions (HRI) and retail market.