Colabor Group (TSE:GCL) Trading Down 58.7% - Should You Sell?

Key Points

• Colabor Group Inc. saw a significant decline in stock value, falling 58.7% to C$0.26, with trading volume skyrocketing to over 5.6 million shares.
• Research firms have downgraded the stock's target price, with Raymond James and Desjardins setting a new target of C$1.50, while maintaining a "buy" rating.
• The company has a high debt-to-equity ratio of 153.61 and a market cap of C$26.52 million, indicating potential financial instability.

Colabor Group Inc. (TSE:GCL - Get Free Report) fell 58.7% during trading on Friday . 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

Several research firms recently commented on GCL. Raymond James Financial reduced their target price 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 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. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$1.50.

Colabor Group Stock Performance

The firm has a market cap of C$26.52 million, a P/E ratio of -6.50, a price-to-earnings-growth 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 business's fifty 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 stock in a transaction on 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 currently owned by insiders.

About Colabor Group

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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