Shares of Colabor Group Inc. (TSE:GCL - Get Free Report) were down 58.7% on Friday . 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.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. Raymond James Financial decreased their price target on Colabor Group from C$1.80 to C$1.50 and set an "outperform" rating for the company in a research report on Monday, July 28th. Desjardins decreased their price target on 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. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of C$1.50.
Check Out Our Latest Research Report on GCL
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 cap of C$26.52 million, a price-to-earnings ratio of -6.50, a price-to-earnings-growth ratio of 0.61 and a beta of -0.17. The stock has a 50-day moving average of C$0.67 and a two-hundred day moving average of C$0.80.
Insider Buying and Selling
In other Colabor Group news, insider Robert John Briscoe sold 100,000 shares of the firm's stock in a transaction dated 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.
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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