Colabor Group (TSE:GCL) Stock Price Down 58.7% – What’s Next?

Colabor Group Inc. (TSE:GCL) shares traded down 58.7% on Saturday . 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GCL shares. Raymond James Financial cut their price target on 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 decreased their price objective on Colabor Group from C$1.75 to C$1.50 and set a “buy” rating on the stock in a report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$1.50.

Colabor Group Trading Down 58.7%

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 business’s fifty day moving average is C$0.67 and its 200-day moving average is C$0.80. The stock has a market capitalization of C$26.52 million, a PE ratio of -6.50, a P/E/G ratio of 0.61 and a beta of -0.17.

Insider Activity at Colabor Group

In other news, insider Robert John Briscoe sold 100,000 shares of the company’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of C$0.80, for a total transaction 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.