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

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

Analyst Upgrades and Downgrades

GCL has been the subject of several research analyst reports. Raymond James Financial upgraded Colabor Group to a “hold” rating in a research note on Monday, October 20th. Desjardins dropped their price target on shares of Colabor Group from C$1.50 to C$0.50 and set a “buy” rating for the company in a research note on Monday, October 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$1.00.

Colabor Group Stock Performance

The company has a fifty day moving average of C$0.27 and a two-hundred day moving average of C$0.60. The stock has a market capitalization of C$3.57 million, a P/E ratio of -0.04, a price-to-earnings-growth 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 earnings results on Friday, October 17th. The company reported C($0.73) EPS for the quarter. The firm had revenue of C$212.47 million for the quarter. Colabor Group had a return on equity of 0.83% and a net margin of 0.14%. On average, equities analysts anticipate 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.