Shares of Colabor Group Inc. (TSE:GCL - Get Free Report) were down 58.7% during trading on Saturday . The stock traded as low as C$0.13 and last traded at C$0.26. Approximately 5,638,897 shares traded hands during trading, an increase of 4,566% from the average daily volume of 120,844 shares. The stock had previously closed at C$0.63.
Analyst Upgrades and Downgrades
Several analysts have commented on GCL shares. Desjardins decreased their price target on shares of 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 cut their price objective 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. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$1.50.
Check Out Our Latest Stock Analysis on GCL
Colabor Group Trading Down 58.7%
The company has a debt-to-equity ratio of 153.61, a current ratio of 1.62 and a quick ratio of 0.76. The stock has a market cap 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's fifty day moving average price is C$0.67 and its 200-day moving average price is C$0.80.
Insider Activity
In related news, insider Robert John Briscoe sold 100,000 shares of the 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 value of C$80,000.00. 25.04% of the stock is currently owned by company insiders.
About Colabor Group
(
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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.
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