Colabor Group (TSE:GCL) Trading Down 70.3% – What’s Next?

Colabor Group Inc. (TSE:GCL)’s stock price was down 70.3% during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.06. Approximately 1,873,775 shares changed hands during mid-day trading, an increase of 1,072% from the average daily volume of 159,931 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

GCL has been the topic of several research reports. Raymond James Financial upgraded Colabor Group to a “hold” rating in a research note on Monday, October 20th. 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. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on 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 Trading Down 78.4%

The stock has a market cap of C$4.08 million, a PE ratio of -0.05, a P/E/G ratio of 0.61 and a beta of -0.32. The firm has a 50-day simple moving average of C$0.28 and a 200-day simple moving average of C$0.61. 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 announced its quarterly earnings results on Friday, October 17th. The company reported C($0.73) earnings per share for the quarter. Colabor Group had a net margin of 0.14% and a return on equity of 0.83%. The company had revenue of C$212.47 million during the quarter. Equities analysts forecast that Colabor Group Inc. will post 0.0199693 earnings per share for the current 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.