Colabor Group Inc. (TSE:GCL - Get Free Report) fell 58.7% on Saturday . The stock traded as low as C$0.13 and last traded at C$0.26. 5,638,897 shares traded hands during trading, an increase of 4,566% from the average session volume of 120,844 shares. The stock had previously closed at C$0.63.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on GCL. Desjardins reduced their price objective 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. Raymond James Financial reduced their price objective 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. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Colabor Group currently has an average rating of "Buy" and an average price target of C$1.50.
Check Out Our Latest Analysis on GCL
Colabor Group Stock Performance
The business has a 50-day moving average price of C$0.67 and a 200-day moving average price of C$0.80. The firm has a market capitalization of C$26.52 million, a price-to-earnings ratio of -6.50, a P/E/G ratio of 0.61 and a beta of -0.17. The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 153.61.
Insider Activity
In related news, insider Robert John Briscoe sold 100,000 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of C$0.80, for a total value of C$80,000.00. 25.04% of the stock is currently owned by insiders.
Colabor Group Company Profile
(
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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.
Further Reading
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