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

by · The Cerbat Gem

Colabor Group Inc. (TSE:GCL – Get Free Report) dropped 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 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

Several research firms have issued reports on GCL. Raymond James Financial upgraded shares of Colabor Group to a “hold” rating in a research note on Monday, October 20th. Desjardins decreased their price objective on shares of 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 issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$1.00.

Read Our Latest Stock Analysis on Colabor Group

Colabor Group Stock Performance

The business has a 50-day moving average of C$0.26 and a 200 day 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. The company has a market cap of C$3.06 million, a PE ratio of -0.04, a PEG ratio of 0.61 and a beta of -0.32.

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

Colabor Group Company Profile

(Get Free Report)

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.

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