Colabor Group (TSE:GCL) Trading Down 70.3% – What’s Next?

Colabor Group Inc. (TSE:GCL)’s share price fell 70.3% on Monday . The stock traded as low as C$0.04 and last traded at C$0.06. 4,826,166 shares were traded during trading, an increase of 2,610% from the average session volume of 178,097 shares. The stock had previously closed at C$0.19.

Wall Street Analysts Forecast Growth

GCL has been the topic of a number of research analyst reports. Desjardins reduced their target price 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 note on Monday, October 20th. One 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 stock presently has an average rating of “Moderate Buy” and an average target price of C$1.00.

Colabor Group Trading Down 78.4%

The stock has a 50-day moving average of C$0.28 and a two-hundred day moving average of C$0.61. The company has a market cap of C$4.08 million, a P/E ratio of -0.05, 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 quick ratio of 0.76 and a current ratio of 1.62.

Colabor Group (TSE:GCL) last released its earnings results on Friday, October 17th. The company reported C($0.73) EPS for the quarter. Colabor Group had a return on equity of 0.83% and a net margin of 0.14%.The company had revenue of C$212.47 million during the quarter. On average, equities research analysts predict that Colabor Group Inc. will post 0.0199693 earnings per share for the current 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.