Colabor Group (TSE:GCL) Hits New 1-Year Low - What's Next?

Key Points

• Colabor Group Inc. hit a new 52-week low, trading at C$0.59, with a recent close at C$0.60 amid low trading volume.
• Analysts from Desjardins and Raymond James have lowered their price targets for Colabor Group to C$1.50, but maintain a "buy" and "outperform" rating, respectively.
• Insider Robert John Briscoe sold 100,000 shares for C$80,000, with insiders owning 25.04% of the company's stock.

Colabor Group Inc. (TSE:GCL - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.59 and last traded at C$0.60, with a volume of 505 shares traded. The stock had previously closed at C$0.60.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GCL. Desjardins reduced their price target on shares of Colabor Group from C$1.75 to C$1.50 and set a "buy" rating on the stock in a research report on Monday, July 28th. Raymond James Financial reduced their target price on shares of Colabor Group from C$1.80 to C$1.50 and set an "outperform" rating on the stock in a report on Monday, July 28th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$1.50.

Colabor Group Stock Performance

The firm has a 50 day moving average of C$0.75 and a two-hundred day moving average of C$0.84. 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 stock has a market cap of C$61.21 million, a PE ratio of -15.00, a PEG ratio of 0.61 and a beta of -0.06.

Insider Activity

In other news, insider Robert John Briscoe sold 100,000 shares of Colabor Group stock in a transaction dated Friday, July 25th. The stock was sold at an average price of C$0.80, for a total transaction of C$80,000.00. Insiders own 25.04% of the company's stock.

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.

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