Colabor Group (TSE:GCL) Trading Up 17.6% – What’s Next?

Colabor Group Inc. (TSE:GCL) shot up 17.6% during trading on Friday . The company traded as high as C$0.22 and last traded at C$0.20. 255,498 shares changed hands during mid-day trading, an increase of 85% from the average session volume of 138,145 shares. The stock had previously closed at C$0.17.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Desjardins dropped their price objective on shares of Colabor Group from C$1.50 to C$0.50 and set a “buy” rating for the company in a research note on Monday, October 20th. Raymond James Financial upgraded Colabor Group to a “hold” rating in a report on Monday, October 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Colabor Group has a consensus rating of “Moderate Buy” and a consensus price target of C$1.00.

Colabor Group Stock Performance

The stock has a 50-day moving average price of C$0.54 and a 200 day moving average price of C$0.74. 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 firm has a market capitalization of C$20.40 million, a price-to-earnings ratio of -0.26, a P/E/G ratio of 0.61 and a beta of -0.19.

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.