Colabor Group (TSE:GCL) Hits New 1-Year Low - Here's Why

Key Points

• Colabor Group Inc. (TSE:GCL) reached a new 52-week low of C$0.71 during trading, with a previous close of C$0.72 and a trading volume of 25,103 shares.
• Analysts have lowered their price targets for Colabor Group, with Raymond James reducing it from C$1.80 to C$1.50 while maintaining an "outperform" rating.
• Insider Robert John Briscoe sold 100,000 shares at an average price of C$0.80, representing a significant insider transaction amid a backdrop of declining stock prices.

Colabor Group Inc. (TSE:GCL - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.71 and last traded at C$0.71, with a volume of 25103 shares. The stock had previously closed at C$0.72.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GCL. Raymond James Financial cut their price target on Colabor Group from C$1.80 to C$1.50 and set an "outperform" rating for the company in a report on Monday, July 28th. Desjardins cut their price target on Colabor Group from C$1.75 to C$1.50 and set a "buy" rating for the company in a report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Colabor Group has a consensus rating of "Buy" and a consensus target price of C$1.50.

Colabor Group Trading Up 1.4%

The stock has a fifty day moving average of C$0.82 and a 200-day moving average of C$0.87. 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 market cap of C$74.47 million, a PE ratio of -18.25, a PEG ratio of 0.61 and a beta of -0.06.

Insider Transactions at Colabor Group

In related news, insider Robert John Briscoe sold 100,000 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of C$0.80, for a total transaction of C$80,000.00. 25.04% of the stock is currently owned by 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.