Colabor Group (TSE:GCL) Trading Down 78.4% – Here’s Why

Shares of Colabor Group Inc. (TSE:GCL) fell 78.4% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. 7,439,210 shares traded hands during mid-day trading, an increase of 3,891% from the average session volume of 186,396 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

Several research firms have commented on GCL. Raymond James Financial raised Colabor Group to a “hold” rating in a research note on Monday, October 20th. Desjardins dropped their target price 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. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Colabor Group presently has a consensus rating of “Moderate Buy” and a consensus target price of C$1.00.

Colabor Group Stock Performance

The stock has a 50 day moving average of C$0.28 and a two-hundred day moving average of C$0.61. The stock has a market capitalization of C$3.57 million, a PE ratio of -0.04, a P/E/G ratio of 0.61 and a beta of -0.32. 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 quarterly earnings data on Friday, October 17th. The company reported C($0.73) earnings per share (EPS) for the quarter. The business 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%. Research analysts expect 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.