Colabor Group (TSE:GCL) Shares Down 81.1% – Should You Sell?

Shares of Colabor Group Inc. (TSE:GCL) dropped 81.1% during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 8,595,235 shares changed hands during trading, an increase of 4,304% from the average daily volume of 195,167 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GCL shares. Raymond James Financial raised Colabor Group to a “hold” rating in a research note on Monday, October 20th. Desjardins dropped their price target on Colabor Group from C$1.50 to C$0.50 and set a “buy” rating on the stock in a research report on Monday, October 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$1.00.

Colabor Group Stock 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 company has a market capitalization of C$3.06 million, a price-to-earnings ratio of -0.04, a price-to-earnings-growth ratio of 0.61 and a beta of -0.32. The firm has a 50-day simple moving average of C$0.25 and a two-hundred day simple moving average of C$0.59.

Colabor Group (TSE:GCL) last announced its quarterly earnings results on Friday, October 17th. The company reported C($0.73) EPS for the quarter. Colabor Group had a return on equity of 0.83% and a net margin of 0.14%.The business had revenue of C$212.47 million for the quarter. As a group, sell-side analysts forecast that Colabor Group Inc. will post 0.0199693 earnings per share for the current fiscal year.

Colabor Group Company Profile

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.