Colabor Group (TSE:GCL) Shares Cross Below 200 Day Moving Average - Should You Sell?

Key Points

• Colabor Group Inc. (TSE:GCL) shares fell below their two hundred day moving average of C$0.82, trading as low as C$0.63 before closing at C$0.65.
• Analysts have revised their price targets for Colabor Group, with Desjardins and Raymond James lowering their price objectives to C$1.50, while maintaining a "buy" and "outperform" rating, respectively.
• Insider Robert John Briscoe sold 100,000 shares at an average price of C$0.80, highlighting ongoing insider activity with insiders owning 25.04% of the company's stock.

Colabor Group Inc. (TSE:GCL - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.82 and traded as low as C$0.63. Colabor Group shares last traded at C$0.65, with a volume of 123,756 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Desjardins dropped their price objective on 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 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. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$1.50.

Colabor Group Price Performance

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$66.31 million, a PE ratio of -16.25, a P/E/G ratio of 0.61 and a beta of -0.17. The company has a fifty day moving average price of C$0.71 and a two-hundred day moving average price of C$0.82.

Insider Buying and Selling at Colabor Group

In other news, insider Robert John Briscoe sold 100,000 shares of the firm's 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 transaction 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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