Colabor Group (TSE:GCL) Stock Price Up 60% – What’s Next?

Colabor Group Inc. (TSE:GCL)’s share price traded up 60% during mid-day trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. 1,552,909 shares changed hands during mid-day trading, an increase of 617% from the average session volume of 216,516 shares. The stock had previously closed at C$0.03.

Analyst Ratings Changes

A number of research analysts have commented on the company. Raymond James Financial upgraded Colabor Group to a “hold” rating in a research note on Monday, October 20th. Desjardins cut 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 given a Hold rating to the stock. According to data from MarketBeat, Colabor Group has an average rating of “Moderate Buy” and an average price target of C$1.00.

Colabor Group Price Performance

The stock has a market capitalization of C$3.57 million, a price-to-earnings ratio of -0.04, a PEG 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. The company has a 50 day moving average of C$0.23 and a 200 day moving average of C$0.59.

Colabor Group (TSE:GCL) last posted its quarterly earnings results on Friday, October 17th. The company reported C($0.73) earnings per share (EPS) for the quarter. The company had revenue of C$212.47 million during the quarter. Colabor Group had a net margin of 0.14% and a return on equity of 0.83%. As a group, equities research analysts anticipate 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. Its products such as meat, fish, and sea food (Specialty Distribution) as well as general food related products (Broadline Distribution). The company generates maximum revenue from Distribution segment.