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

Colabor Group Inc. (TSE:GCL) dropped 81.1% during trading on Monday . The company 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.

Wall Street Analysts Forecast Growth

GCL has been the topic of a number of recent analyst reports. Raymond James Financial raised Colabor Group to a “hold” rating in a research note on Monday, October 20th. Desjardins dropped their price target on shares of Colabor Group from C$1.50 to C$0.50 and set a “buy” rating on the stock in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$1.00.

Colabor Group Stock Performance

The firm has a market capitalization of C$3.57 million, a P/E ratio of -0.04, a P/E/G ratio of 0.61 and a beta of -0.32. The stock has a fifty day simple moving average of C$0.27 and a two-hundred day simple moving average of C$0.60. 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 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. On average, research analysts predict that Colabor Group Inc. will post 0.0199693 EPS 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.