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

Key Points

• Colabor Group Inc. shares have hit a new 52-week low, trading at C$0.77 during mid-day trading with a volume of 27,336 shares.
• Analysts from Desjardins and Raymond James Financial have both lowered their price targets for the stock to C$1.50, maintaining a "buy" and "outperform" rating, respectively.
• Insider trading activity noted that Robert John Briscoe sold 100,000 shares at an average price of C$0.80, indicating potential concerns about the company's stock performance.

Colabor Group Inc. (TSE:GCL - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.77 and last traded at C$0.77, with a volume of 27336 shares. The stock had previously closed at C$0.79.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GCL. Desjardins reduced their target price on shares of Colabor Group from C$1.75 to C$1.50 and set a "buy" rating on the stock in a 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.

Colabor Group Price Performance

The stock's fifty day moving average price is C$0.85 and its two-hundred day moving average price is C$0.88. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 153.61. The firm has a market capitalization of C$75.78 million, a price-to-earnings ratio of 84.65, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83.

Insider Buying and Selling

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