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

Colabor Group Inc. (TSE:GCL)’s stock price fell 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 trading, an increase of 4,304% from the average session volume of 195,167 shares. The stock had previously closed at C$0.19.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GCL. Raymond James Financial raised Colabor Group to a “hold” rating in a report on Monday, October 20th. Desjardins dropped their target price 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 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of C$1.00.

Colabor Group Price Performance

The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 153.61. The firm’s fifty day moving average price is C$0.27 and its 200 day moving average price is C$0.60. The firm has a market capitalization of C$3.57 million, a PE ratio of -0.04, a P/E/G ratio of 0.61 and a beta of -0.32.

Colabor Group (TSE:GCL) last issued its 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 company had revenue of C$212.47 million during the quarter. As a group, equities 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.