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

Colabor Group Inc. (TSE:GCL)’s stock price dropped 81.1% during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 8,595,235 shares traded 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.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Raymond James Financial raised Colabor Group to a “hold” rating in a report on Monday, October 20th. Desjardins reduced 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 analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$1.00.

Colabor Group Stock Performance

The firm 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 business 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 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 announced its earnings results on Friday, October 17th. The company reported C($0.73) EPS for the quarter. The company 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%. Equities research analysts expect that Colabor Group Inc. will post 0.0199693 earnings per share 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.