Colabor Group (TSE:GCL) Stock Price Down 20.2%

Colabor Group Inc (TSE:GCL) shares dropped 20.2% during mid-day trading on Tuesday . The stock traded as low as C$0.65 and last traded at C$0.67, approximately 414,795 shares changed hands during mid-day trading. An increase of 182% from the average daily volume of 147,145 shares. The stock had previously closed at C$0.84.

Separately, TD Securities boosted their price objective on Colabor Group from C$0.65 to C$1.25 and gave the company a “hold” rating in a research report on Wednesday, July 31st.

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 50-day moving average of C$0.98 and a 200-day moving average of C$0.72. The firm has a market capitalization of $84.99 million and a price-to-earnings ratio of 14.62.

About Colabor Group (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.

Further Reading: Hold Rating

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