Colabor Group (TSE:GCL) Stock Price Down 12.7%

Shares of Colabor Group Inc (TSE:GCL) were down 12.7% during mid-day trading on Monday . The stock traded as low as C$0.62 and last traded at C$0.62, approximately 242,303 shares changed hands during trading. An increase of 54% from the average daily volume of 157,566 shares. The stock had previously closed at C$0.71.

Separately, TD Securities raised their price target on shares of Colabor Group from C$0.65 to C$1.25 and gave the stock a “hold” rating in a research note on Wednesday, July 31st.

The company’s 50 day moving average price is C$0.86 and its 200-day moving average price is C$0.74. The company has a debt-to-equity ratio of 100.17, a quick ratio of 0.98 and a current ratio of 1.76. The company has a market cap of $69.81 million and a PE ratio of 11.92.

Colabor Group (TSE:GCL) last released its quarterly earnings data on Monday, July 29th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$274.20 million during the quarter. Equities research analysts expect that Colabor Group Inc will post 0.0799999947540987 EPS for the current year.

Colabor Group Company Profile (TSE:GCL)

Colabor Group Inc, together with its subsidiaries, distributes and markets food and food-related products in Canada. It operates through two segments, Distribution and Wholesale. The Distribution segment offers frozen products, dry staples, dairy products, meat, fish, seafood, fruits and vegetables, disposables, and sanitation products.

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