Colabor Group (TSE:GCL) Stock Price Down 81.1% – Time to Sell?

Colabor Group Inc. (TSE:GCL)’s stock price dropped 81.1% on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 8,595,235 shares traded 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.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Raymond James Financial upgraded shares of Colabor Group to a “hold” rating in a report on Monday, October 20th. Desjardins reduced their price target on shares of 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 research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$1.00.

Colabor Group Stock 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 firm has a market cap of C$3.06 million, a P/E ratio of -0.04, a P/E/G ratio of 0.61 and a beta of -0.32. The business has a fifty day simple moving average of C$0.25 and a 200-day simple moving average of C$0.59.

Colabor Group (TSE:GCL) last announced its earnings results on Friday, October 17th. The company reported C($0.73) EPS for the quarter. The business 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%. 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.