Colabor Group (TSE:GCL) Shares Pass Above 200-Day Moving Average of $1.19

Colabor Group Inc. (TSE:GCL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.19 and traded as high as C$1.31. Colabor Group shares last traded at C$1.28, with a volume of 23,160 shares.

Analyst Ratings Changes

Separately, Desjardins raised shares of Colabor Group to a “moderate buy” rating in a research note on Thursday.

Colabor Group Stock Performance

The company has a debt-to-equity ratio of 157.32, a quick ratio of 0.76 and a current ratio of 1.60. The stock’s 50-day simple moving average is C$1.19 and its 200-day simple moving average is C$1.19. The firm has a market capitalization of C$130.55 million, a PE ratio of 32.00, a P/E/G ratio of 0.61 and a beta of 0.74.

Colabor Group (TSE:GCL) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$161.28 million for the quarter, compared to the consensus estimate of C$162.20 million. Colabor Group had a net margin of 0.61% and a return on equity of 4.23%. As a group, sell-side analysts expect that Colabor Group Inc. will post 0.1 EPS for the current fiscal year.

About Colabor Group

Colabor Group Inc, together with its subsidiaries, markets and distributes food and food-related products in Canada. It operates in two segments, Distribution and Wholesale. The Distribution segment offers frozen products, dry staples, dairy products, meat, seafood, fruits and vegetables, disposables, and sanitation products, as well as fish products.