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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GCL shares. Raymond James Financial raised Colabor Group to a “hold” rating in a report on Monday, October 20th. Desjardins dropped their target price on Colabor Group from C$1.50 to C$0.50 and set a “buy” rating on the stock in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$1.00.

Colabor Group Stock Down 14.3%

The stock has a market cap of C$3.06 million, a price-to-earnings ratio of -0.04, a PEG ratio of 0.61 and a beta of -0.32. The business’s 50 day moving average is C$0.26 and its 200-day moving average is C$0.60. The company has a debt-to-equity ratio of 153.61, a quick ratio of 0.76 and a current ratio of 1.62.

Colabor Group (TSE:GCL) last posted its quarterly earnings data 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 company 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.