Colabor Group (TSE:GCL) Stock Price Down 81.1% – Should You Sell?

Colabor Group Inc. (TSE:GCL)’s share price was down 81.1% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 8,595,235 shares changed hands 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.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Desjardins dropped their price target on Colabor Group from C$1.50 to C$0.50 and set a “buy” rating on the stock in a report on Monday, October 20th. Raymond James Financial raised 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 assigned a Hold rating to the stock. According to MarketBeat, Colabor Group presently has a consensus rating of “Moderate Buy” and an average price target of C$1.00.

Colabor Group Trading Down 14.3%

The company’s 50-day moving average is C$0.26 and its 200 day moving average is C$0.60. 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 firm has a market cap of C$3.06 million, a PE ratio of -0.04, a P/E/G ratio of 0.61 and a beta of -0.32.

Colabor Group (TSE:GCL) last announced its 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 net margin of 0.14% and a return on equity of 0.83%. As a group, sell-side analysts predict 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.