Colabor Group (TSE:GCL) Shares Down 58.7% – Time to Sell?

Colabor Group Inc. (TSE:GCL) shares fell 58.7% on Saturday . The stock traded as low as C$0.13 and last traded at C$0.26. 5,638,897 shares traded 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 brokerages recently issued reports on GCL. Raymond James Financial dropped 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 dropped their price target 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Colabor Group has a consensus rating of “Buy” and a consensus price target of C$1.50.

Colabor Group Trading Down 58.7%

The firm has a market capitalization of C$26.52 million, a PE ratio of -6.50, a PEG ratio of 0.61 and a beta of -0.17. The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 153.61. The stock’s fifty day simple moving average is C$0.67 and its 200 day simple moving average is C$0.80.

Insider Activity at Colabor Group

In related news, insider Robert John Briscoe sold 100,000 shares of the firm’s 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 owned by company insiders.

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.