Colabor Group (TSE:GCL) Shares Up 28.6% – Time to Buy?

Colabor Group Inc. (TSE:GCL)’s stock price rose 28.6% on Monday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 817,875 shares traded hands during mid-day trading, an increase of 255% from the average daily volume of 230,636 shares. The stock had previously closed at C$0.04.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Desjardins decreased their price objective on Colabor Group from C$1.50 to C$0.50 and set a “buy” rating for the company in a report on Monday, October 20th. Raymond James Financial upgraded Colabor Group to a “hold” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Colabor Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$1.00.

Colabor Group Stock Performance

The business’s 50 day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.55. 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 firm has a market capitalization of C$4.08 million, a P/E ratio of -0.05, a price-to-earnings-growth ratio of 0.61 and a beta of -0.32.

Colabor Group (TSE:GCL) last issued its earnings results on Friday, October 17th. The company reported C($0.73) earnings per share (EPS) for the quarter. The company 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%. Sell-side analysts anticipate that Colabor Group Inc. will post 0.0199693 EPS for the current fiscal year.

About Colabor Group

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. Its products such as meat, fish, and sea food (Specialty Distribution) as well as general food related products (Broadline Distribution). The company generates maximum revenue from Distribution segment.