Colabor Group Inc. (TSE:GCL - Get Free Report)'s stock price traded down 58.7% during mid-day trading on Saturday . The company traded as low as C$0.13 and last traded at C$0.26. 5,638,897 shares changed 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 Analyst Weigh In
A number of research analysts have recently issued reports on the company. 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 data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$1.50.
Read Our Latest Analysis on GCL
Colabor Group Stock 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 company has a market capitalization of C$26.52 million, a P/E ratio of -6.50, a PEG ratio of 0.61 and a beta of -0.17. The company has a 50 day moving average of C$0.67 and a 200-day moving average of C$0.80.
Insiders Place Their Bets
In other Colabor Group news, insider Robert John Briscoe sold 100,000 shares of Colabor Group stock in a transaction that occurred 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. Insiders own 25.04% of the company's stock.
About Colabor Group
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Colabor Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Colabor Group wasn't on the list.
While Colabor Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
