Colabor Group (TSE:GCL) Shares Down 81.1% – Time to Sell?

Colabor Group Inc. (TSE:GCL)’s share price traded down 81.1% on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. 8,595,235 shares traded hands during trading, an increase of 4,304% from the average session volume of 195,167 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GCL shares. Raymond James Financial raised shares of Colabor Group to a “hold” rating in a report on Monday, October 20th. Desjardins lowered their price target on Colabor Group from C$1.50 to C$0.50 and set a “buy” rating on the stock in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$1.00.

Colabor Group Stock Performance

The stock has a market capitalization of C$3.06 million, a price-to-earnings ratio of -0.04, a P/E/G ratio of 0.61 and a beta of -0.32. The company’s fifty day simple moving average is C$0.25 and its 200 day simple moving average is C$0.59. The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 153.61.

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