Colabor Group (TSE:GCL) Hits New 1-Year Low – Here’s What Happened

Colabor Group Inc. (TSE:GCL)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$1.00 and last traded at C$1.00, with a volume of 64031 shares traded. The stock had previously closed at C$1.01.

Analysts Set New Price Targets

Several research firms have recently weighed in on GCL. Raymond James set a C$1.80 price objective on Colabor Group and gave the company an “outperform” rating in a report on Tuesday, August 6th. Desjardins raised shares of Colabor Group to a “moderate buy” rating in a research note on Thursday, July 25th.

Colabor Group Stock Down 1.0 %

The company has a current ratio of 1.58, a quick ratio of 0.76 and a debt-to-equity ratio of 153.61. The company has a market capitalization of C$100.99 million, a P/E ratio of 99.00, a PEG ratio of 0.61 and a beta of 0.83. The firm’s 50 day moving average price is C$1.17 and its two-hundred day moving average price is C$1.21.

Colabor Group (TSE:GCL) last announced its earnings results on Thursday, October 17th. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.01). Colabor Group had a return on equity of 3.56% and a net margin of 0.51%. The business had revenue of C$162.03 million for the quarter, compared to analyst estimates of C$164.27 million. Equities research analysts forecast that Colabor Group Inc. will post 0.0199693 EPS for the current year.

Colabor Group Company Profile

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