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

Colabor Group Inc. (TSE:GCL)’s stock price dropped 81.1% on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 8,595,235 shares traded hands during trading, an increase of 4,304% from the average daily volume of 195,167 shares. The stock had previously closed at C$0.19.

Wall Street Analysts Forecast Growth

GCL has been the subject of several recent research reports. Desjardins decreased 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. Raymond James Financial raised Colabor Group to a “hold” rating in a report 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$1.00.

Colabor Group Stock Down 14.3%

The stock has a 50-day moving average of C$0.25 and a 200-day moving average of C$0.59. The company has a debt-to-equity ratio of 153.61, a current ratio of 1.62 and a quick ratio of 0.76. The firm has a market cap of C$3.06 million, a price-to-earnings ratio of -0.04, a P/E/G ratio of 0.61 and a beta of -0.32.

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