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

Colabor Group Inc. (TSE:GCL) shares fell 81.1% during mid-day trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. 8,595,235 shares were traded during trading, an increase of 4,304% from the average session volume of 195,167 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

GCL has been the topic of several research reports. Raymond James Financial upgraded Colabor Group to a “hold” rating in a research note on Monday, October 20th. Desjardins dropped their target price on shares of Colabor Group from C$1.50 to C$0.50 and set a “buy” rating on the stock 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’s stock. According to MarketBeat, Colabor Group presently has an average rating of “Moderate Buy” and a consensus price target of C$1.00.

Colabor Group Stock Performance

The business has a 50-day moving average of C$0.25 and a two-hundred day moving average of C$0.59. 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 P/E ratio of -0.04, a P/E/G ratio of 0.61 and a beta of -0.32.

Colabor Group (TSE:GCL) last released its quarterly earnings results on Friday, October 17th. The company reported C($0.73) 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. On average, sell-side analysts predict that Colabor Group Inc. will post 0.0199693 EPS 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.