Colabor Group (TSE:GCL) Stock Price Down 58.7% – Should You Sell?

Shares of Colabor Group Inc. (TSE:GCL) were down 58.7% during mid-day trading on Saturday . The stock traded as low as C$0.13 and last traded at C$0.26. Approximately 5,638,897 shares traded hands 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

Several equities analysts have recently issued reports on GCL shares. Raymond James Financial lowered their target price on shares of Colabor Group from C$1.80 to C$1.50 and set an “outperform” rating for the company in a report on Monday, July 28th. Desjardins lowered their target price on shares of Colabor Group from C$1.75 to C$1.50 and set a “buy” rating for the company in a report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$1.50.

Colabor Group Stock Performance

The company 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. The business’s fifty day moving average is C$0.67 and its two-hundred day moving average is C$0.80. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 153.61.

Insiders Place Their Bets

In related news, insider Robert John Briscoe sold 100,000 shares of the business’s stock in a transaction that occurred on 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 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.