Colabor Group (TSE:GCL) Trading Down 55.6% – Should You Sell?

Colabor Group Inc. (TSE:GCL)’s stock price traded down 55.6% during trading on Friday . The stock traded as low as C$0.13 and last traded at C$0.28. 4,950,392 shares changed hands during mid-day trading, an increase of 4,192% from the average session volume of 115,338 shares. The stock had previously closed at C$0.63.

Wall Street Analyst Weigh In

GCL has been the topic of a number of analyst reports. Desjardins decreased 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. Raymond James Financial decreased their price objective on shares of Colabor Group from C$1.80 to C$1.50 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$1.50.

Colabor Group Price Performance

The company has a market cap of C$26.52 million, a PE ratio of -6.50, a PEG ratio of 0.61 and a beta of -0.17. The firm’s 50-day moving average is C$0.67 and its 200-day moving average is C$0.80. The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 153.61.

Insider Activity at Colabor Group

In related news, insider Robert John Briscoe sold 100,000 shares of Colabor Group stock in a transaction that occurred 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.