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

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial upgraded shares of Colabor Group to a “hold” rating in a report on Monday, October 20th. Desjardins cut 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 research note on Monday, October 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$1.00.

Colabor Group Stock Down 14.3%

The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 153.61. The firm has a market capitalization of C$3.06 million, a PE ratio of -0.04, a price-to-earnings-growth ratio of 0.61 and a beta of -0.32. The business’s 50-day moving average price is C$0.25 and its 200-day moving average price is C$0.59.

Colabor Group (TSE:GCL) last announced its quarterly earnings data on Friday, October 17th. The company reported C($0.73) EPS 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 for the quarter. As a group, equities research analysts predict that Colabor Group Inc. will post 0.0199693 EPS for the current fiscal 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.