Colabor Group (TSE:GCL) Sets New 52-Week Low - Should You Sell?

Key Points

• Colabor Group Inc. (TSE:GCL) hit a new 52-week low at C$0.71, down from a previous close of C$0.73, with a trading volume of 127,852 shares.
• Analysts have lowered their price targets for Colabor Group, with Desjardins and Raymond James both setting a target of C$1.50 while maintaining a "Buy" and "Outperform" rating, respectively.
• Insider Robert John Briscoe sold 100,000 shares for a total of C$80,000 at an average price of C$0.80, raising concerns about insider selling given that insiders own 25.04% of the company.

Colabor Group Inc. (TSE:GCL - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.71 and last traded at C$0.71, with a volume of 127852 shares. The stock had previously closed at C$0.73.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Desjardins lowered their price objective on Colabor Group from C$1.75 to C$1.50 and set a "buy" rating for the company in a research report on Monday, July 28th. Raymond James Financial decreased their target price on Colabor Group from C$1.80 to C$1.50 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$1.50.

Colabor Group Stock Down 2.7%

The company has a market cap of C$72.43 million, a PE ratio of -17.75, a PEG ratio of 0.61 and a beta of -0.06. The stock's 50 day moving average price is C$0.82 and its 200-day moving average price is 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.

Insider Buying and Selling

In related 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 value 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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