Colabor Group (TSE:GCL) Shares Down 81.1% – Here’s What Happened

by · The Markets Daily

Shares of Colabor Group Inc. (TSE:GCL – Get Free Report) traded down 81.1% during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. 8,595,235 shares traded hands during 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 equities research analysts recently weighed in on the company. Desjardins lowered their price target on 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. Raymond James Financial upgraded shares of Colabor Group to a “hold” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$1.00.

Get Our Latest Research Report on Colabor Group

Colabor Group Stock Down 81.1%

The stock has a fifty day moving average of C$0.27 and a two-hundred day moving average of C$0.60. 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 stock has a market cap of C$3.57 million, a price-to-earnings ratio of -0.04, a PEG ratio of 0.61 and a beta of -0.32.

Colabor Group (TSE:GCL – Get Free Report) last announced its 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 firm had revenue of C$212.47 million during the quarter. As a group, analysts predict that Colabor Group Inc. will post 0.0199693 EPS for the current fiscal year.

About Colabor Group

(Get Free Report)

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.

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