Colabor Group (TSE:GCL) Hits New 1-Year Low - Should You Sell?

Key Points

• Colabor Group Inc. shares reached a new 52-week low trading at C$0.64, following a low of C$0.65 during the day.
• Analysts have downgraded Colabor Group's price target from C$1.80 to C$1.50, with two analysts maintaining a "Buy" rating.
• Insider Robert John Briscoe sold 100,000 shares at an average price of C$0.80, highlighting potential insider confidence or strategy changes.

Colabor Group Inc. (TSE:GCL - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The stock traded as low as C$0.65 and last traded at C$0.64, with a volume of 11839 shares trading hands. The stock had previously closed at C$0.65.

Analysts Set New Price Targets

Several equities research analysts have commented on GCL shares. Raymond James Financial dropped their price target on shares of Colabor Group from C$1.80 to C$1.50 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Desjardins dropped 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 note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$1.50.

Colabor Group Stock Down 1.6%

The firm's fifty day moving average price is C$0.77 and its 200-day moving average price is C$0.85. 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 capitalization of C$64.27 million, a P/E ratio of -15.75, 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 the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of C$0.80, for a total value of C$80,000.00. 25.04% of the stock is owned by company insiders.

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.