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

Colabor Group Inc. (TSE:GCL) shares fell 58.7% during trading on Saturday . The stock 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

GCL has been the subject of several recent research reports. 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 research note on Monday, July 28th. Desjardins cut their target price on Colabor Group from C$1.75 to C$1.50 and set a “buy” rating for the company in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$1.50.

Colabor Group Stock Performance

The company has a debt-to-equity ratio of 153.61, a quick ratio of 0.76 and a current ratio of 1.62. The company has a market cap of C$26.52 million, a P/E ratio of -6.50, a P/E/G ratio of 0.61 and a beta of -0.17. The stock’s fifty day moving average price is C$0.67 and its two-hundred day moving average price is C$0.80.

Insider Buying and Selling at Colabor Group

In other Colabor Group 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. Corporate insiders own 25.04% of the company’s stock.

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.