Colabor Group (TSE:GCL) Stock Price Down 12.5% – Here’s What Happened

Colabor Group Inc. (TSE:GCL)’s stock price traded down 12.5% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. 161,436 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 154,120 shares. The stock had previously closed at C$0.04.

Analysts Set New Price Targets

GCL has been the subject of a number of recent analyst reports. Desjardins cut their price objective on Colabor Group from C$1.50 to C$0.50 and set a “buy” rating for the company in a research report on Monday, October 20th. Raymond James Financial raised shares of Colabor Group to a “hold” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$1.00.

Colabor Group Price Performance

The company has a market capitalization of C$4.08 million, a PE ratio of -0.05, a PEG ratio of 0.61 and a beta of -0.42. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 153.61. The business has a fifty day moving average of C$0.14 and a 200 day moving average of C$0.52.

Colabor Group (TSE:GCL) last issued 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 return on equity of 0.83% and a net margin of 0.14%.The business 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 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.