Colabor Group (TSE:GCL) Trading Down 81.1% – What’s Next?

Colabor Group Inc. (TSE:GCL) shares 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 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 several recent analyst reports. 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 note on Monday, October 20th. Raymond James Financial raised shares of Colabor Group to a “hold” rating in a research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$1.00.

Colabor Group Stock Down 81.1%

The stock has a market cap 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 moving average of C$0.27 and a 200-day moving average of C$0.60. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 153.61.

Colabor Group (TSE:GCL) last posted its quarterly earnings data on Friday, October 17th. The company reported C($0.73) earnings per share for the quarter. The firm had revenue of C$212.47 million during the quarter. Colabor Group had a net margin of 0.14% and a return on equity of 0.83%. Equities research analysts predict that Colabor Group Inc. will post 0.0199693 EPS for the current fiscal 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.