Colabor Group (TSE:GCL) Stock Price Down 81.1% – Here’s Why

Colabor Group Inc. (TSE:GCL)’s stock price was down 81.1% during trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 8,595,235 shares were traded during trading, an increase of 4,316% from the average daily volume of 194,650 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

A number of analysts have recently commented on GCL shares. Desjardins dropped their price objective on 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 Colabor Group to a “hold” rating in a report on Monday, October 20th. One 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, Colabor Group currently has an average rating of “Moderate Buy” and an average target price of C$1.00.

Colabor Group Stock Down 14.3%

The firm has a 50-day moving average of C$0.26 and a two-hundred day moving average of C$0.60. The stock has a market capitalization of C$3.06 million, a price-to-earnings ratio of -0.04, a price-to-earnings-growth ratio of 0.61 and a beta of -0.32. The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 153.61.

Colabor Group (TSE:GCL) last released its earnings results on Friday, October 17th. The company reported C($0.73) earnings per share for the quarter. The business had revenue of C$212.47 million for the quarter. Colabor Group had a net margin of 0.14% and a return on equity of 0.83%. As a group, sell-side analysts anticipate that Colabor Group Inc. will post 0.0199693 earnings per share 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.