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

Colabor Group Inc. (TSE:GCL)’s stock price 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 were traded during mid-day 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 a number of recent research reports. Desjardins dropped their target price on Colabor Group from C$1.50 to C$0.50 and set a “buy” rating for the company in a report on Monday, October 20th. Raymond James Financial raised shares of 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$1.00.

Colabor Group Stock Performance

The stock has a market cap of C$3.57 million, a P/E ratio of -0.04, a PEG ratio of 0.61 and a beta of -0.32. The business has a 50 day moving average price of C$0.27 and a 200 day moving average price of C$0.60. The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 153.61.

Colabor Group (TSE:GCL) last issued its quarterly earnings results on Friday, October 17th. The company reported C($0.73) earnings per share (EPS) for the quarter. Colabor Group had a return on equity of 0.83% and a net margin of 0.14%.The business had revenue of C$212.47 million for the quarter. As a group, sell-side analysts expect 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.