Colabor Group (TSE:GCL) Reaches New 12-Month Low – Should You Sell?

Colabor Group Inc. (TSE:GCL) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.98 and last traded at C$0.99, with a volume of 102151 shares traded. The stock had previously closed at C$1.00.

Analysts Set New Price Targets

Several brokerages recently weighed in on GCL. Raymond James set a C$1.80 price objective on shares of 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 report on Thursday, July 25th.

Colabor Group Stock Down 3.0 %

The company has a market cap of C$98.95 million, a P/E ratio of 100.00, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83. The company has a debt-to-equity ratio of 153.61, a current ratio of 1.58 and a quick ratio of 0.76. The company has a 50 day moving average of C$1.16 and a 200-day moving average of C$1.20.

Colabor Group (TSE:GCL) last issued its quarterly earnings results on Thursday, October 17th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.01). The firm had revenue of C$162.03 million during the quarter, compared to analysts’ expectations of C$164.27 million. Colabor Group had a return on equity of 3.56% and a net margin of 0.51%. On average, equities analysts predict that Colabor Group Inc. will post 0.0199693 earnings per share for the current year.

About Colabor Group

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.