Colabor Group (TSE:GCL) Reaches New 12-Month Low - Here's What Happened

Key Points

• Colabor Group Inc. (TSE:GCL) reached a new 52-week low of C$0.69 during trading, with recent analyst reports suggesting a decreased target price from C$1.75 to C$1.50 while maintaining a "buy" rating.
• The company has a market capitalization of C$70.39 million and notable financial metrics including a quick ratio of 0.76 and a debt-to-equity ratio of 153.61.
• Insider Robert John Briscoe sold 100,000 shares at an average price of C$0.80, indicating potential concern among insiders about the stock's future performance.

Colabor Group Inc. (TSE:GCL - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as C$0.69 and last traded at C$0.69, with a volume of 51446 shares changing hands. The stock had previously closed at C$0.70.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GCL shares. Raymond James Financial decreased their price target on 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 decreased their price target on 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$1.50.

Colabor Group Stock Performance

The company has a market cap of C$66.31 million, a P/E ratio of -16.25, a price-to-earnings-growth ratio of 0.61 and a beta of -0.06. 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 company has a 50 day moving average price of C$0.78 and a 200-day moving average price of C$0.85.

Insiders Place Their Bets

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 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.