Colabor Group (TSE:GCL) Shares Down 81.1% – What’s Next?

Colabor Group Inc. (TSE:GCL)’s stock price traded down 81.1% on Monday . 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 Ratings Changes

A number of research analysts have recently issued reports on GCL shares. Raymond James Financial upgraded shares of Colabor Group to a “hold” rating in a research note on Monday, October 20th. Desjardins lowered their price objective 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. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$1.00.

Colabor Group Stock Down 81.1%

The company has a market capitalization of C$3.57 million, a PE ratio of -0.04, a price-to-earnings-growth ratio of 0.61 and a beta of -0.32. The firm’s 50-day simple moving average is C$0.27 and its 200 day simple moving average is C$0.60. 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 announced 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 net margin of 0.14% and a return on equity of 0.83%. The company had revenue of C$212.47 million during the quarter. As a group, equities research analysts forecast that Colabor Group Inc. will post 0.0199693 earnings per share 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.