Colabor Group Inc. (TSE:GCL - Get Free Report)'s stock price dropped 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 were traded 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.
Wall Street Analyst Weigh In
GCL has been the topic of several analyst reports. Raymond James Financial cut 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 report on Monday, July 28th. Desjardins cut their price target on shares of 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. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$1.50.
View Our Latest Analysis on Colabor Group
Colabor Group Stock Performance
The company has a market capitalization of C$26.52 million, a PE ratio of -6.50, a PEG ratio of 0.61 and a beta of -0.17. 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's 50-day simple moving average is C$0.67 and its 200-day simple moving average is C$0.80.
Insider Transactions at Colabor Group
In other Colabor Group news, insider Robert John Briscoe sold 100,000 shares of the business's stock in a transaction dated 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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