Colabor Group (TSE:GCL) Shares Down 7.3% – Time to Sell?

Colabor Group Inc. (TSE:GCL) shares were down 7.3% on Friday . The stock traded as low as C$0.19 and last traded at C$0.19. Approximately 138,901 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 160,655 shares. The stock had previously closed at C$0.21.

Analyst Ratings Changes

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

Colabor Group Trading Down 12.2%

The business’s 50-day moving average price is C$0.33 and its two-hundred day moving average price is C$0.64. The company has a market capitalization of C$18.36 million, a P/E ratio of -0.23, a PEG ratio of 0.61 and a beta of -0.32. The company has a debt-to-equity ratio of 153.61, a current ratio of 1.62 and a quick ratio of 0.76.

Colabor Group (TSE:GCL) last released its quarterly earnings data on Friday, October 17th. The company reported C($0.73) EPS 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%. As a group, analysts forecast 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.