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

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Raymond James Financial raised Colabor Group to a “hold” rating in a research report on Monday, October 20th. Desjardins lowered 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 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$1.00.

Colabor Group Price Performance

The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 153.61. The stock’s 50 day moving average price is C$0.27 and its two-hundred day moving average price is C$0.60. The firm has a market capitalization of C$3.57 million, a price-to-earnings 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 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 firm had revenue of C$212.47 million for the quarter. Analysts anticipate that Colabor Group Inc. will post 0.0199693 EPS for the current fiscal 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.