Shares of Colabor Group Inc. (TSE:GCL - Get Free Report) were down 58.7% during trading on Friday . The company traded as low as C$0.13 and last traded at C$0.26. Approximately 5,638,897 shares were traded during mid-day 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
Several equities analysts have recently issued reports on GCL shares. Raymond James Financial reduced their price objective 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 reduced their price objective on shares of Colabor Group from C$1.75 to C$1.50 and set a "buy" rating for the company in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$1.50.
Read Our Latest Research Report 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 company has a fifty day moving average of C$0.67 and a 200-day moving average of C$0.80. The firm has a market capitalization of C$26.52 million, a PE ratio of -6.50, a price-to-earnings-growth ratio of 0.61 and a beta of -0.17.
Insider Buying and Selling 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 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 owned by corporate insiders.
Colabor Group Company Profile
(
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
