Colabor Group (TSE:GCL) Reaches New 52-Week Low – Time to Sell?

Colabor Group Inc. (TSE:GCL) reached a new 52-week low during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 1519170 shares trading hands. The stock had previously closed at C$0.03.

Analysts Set New Price Targets

GCL has been the subject of a number of research reports. Desjardins reduced their target price 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. Raymond James Financial raised Colabor Group to a “hold” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Colabor Group has a consensus rating of “Moderate Buy” and a consensus target price of C$1.00.

Colabor Group Stock Performance

The company has a market cap of C$2.55 million, a PE ratio of -0.03, a P/E/G ratio of 0.61 and a beta of -0.32. The company has a debt-to-equity ratio of 153.61, a quick ratio of 0.76 and a current ratio of 1.62. The stock’s 50-day simple moving average is C$0.25 and its 200 day simple moving average is C$0.59.

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. The firm had revenue of C$212.47 million for the quarter. Colabor Group had a return on equity of 0.83% and a net margin of 0.14%. As a group, equities analysts anticipate that Colabor Group Inc. will post 0.0199693 EPS 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.