Colabor Group (TSE:GCL) Trading Down 14.3% – Here’s Why

Shares of Colabor Group Inc. (TSE:GCL) traded down 14.3% during trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 615,033 shares traded hands during mid-day trading, an increase of 169% from the average session volume of 229,041 shares. The stock had previously closed at C$0.04.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GCL shares. Raymond James Financial raised Colabor Group to a “hold” rating in a research report on Monday, October 20th. Desjardins decreased their price objective on Colabor Group from C$1.50 to C$0.50 and set a “buy” rating for the company in a 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 stock. Based on data from MarketBeat.com, Colabor Group currently has an average rating of “Moderate Buy” and a consensus target price of C$1.00.

Colabor Group Stock Down 14.3%

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 business’s 50-day moving average is C$0.21 and its two-hundred day moving average is C$0.58. 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 posted its earnings results 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 analysts anticipate that Colabor Group Inc. will post 0.0199693 EPS for the current 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. Its products such as meat, fish, and sea food (Specialty Distribution) as well as general food related products (Broadline Distribution). The company generates maximum revenue from Distribution segment.