Colabor Group (TSE:GCL) Trading Down 81.1% – Should You Sell?

Colabor Group Inc. (TSE:GCL)’s stock price traded down 81.1% during mid-day trading 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 mid-day trading, an increase of 4,304% from the average session volume of 195,167 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

A number of analysts recently commented on GCL shares. Raymond James Financial raised Colabor Group to a “hold” rating in a research note on Monday, October 20th. Desjardins reduced their target price 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 analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$1.00.

Colabor Group Stock Performance

The firm has a market cap of C$3.06 million, a PE ratio of -0.04, a P/E/G ratio of 0.61 and a beta of -0.32. The stock has a 50-day moving average price of C$0.25 and a 200 day moving average price of C$0.59. The company has a debt-to-equity ratio of 153.61, a current ratio of 1.62 and a quick ratio of 0.76.

Colabor Group (TSE:GCL) last released its earnings results on Friday, October 17th. The company reported C($0.73) earnings per share for the quarter. The business had revenue of C$212.47 million for the quarter. Colabor Group had a return on equity of 0.83% and a net margin of 0.14%. Research analysts forecast 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.