Colabor Group (TSE:GCL) Shares Up 28.6% – Here’s What Happened

Colabor Group Inc. (TSE:GCL)’s share price traded up 28.6% on Monday . The stock traded as high as C$0.05 and last traded at C$0.05. 817,875 shares traded hands during mid-day trading, an increase of 255% from the average session volume of 230,636 shares. The stock had previously closed at C$0.04.

Analyst Ratings Changes

Several equities analysts have commented on GCL shares. Desjardins lowered 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. Raymond James Financial raised shares of Colabor Group to a “hold” rating in a report on Monday, October 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$1.00.

Colabor Group Price Performance

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 company has a market capitalization of C$4.08 million, a P/E ratio of -0.05, a price-to-earnings-growth ratio of 0.61 and a beta of -0.32. The company’s 50-day moving average price is C$0.17 and its two-hundred day moving average price is C$0.55.

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. 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%. As a group, sell-side analysts expect that Colabor Group Inc. will post 0.0199693 EPS for the current 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. 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.