Colabor Group (TSE:GCL) Sets New 12-Month Low – Here’s Why

Colabor Group Inc. (TSE:GCL) shares 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. The stock had previously closed at C$1.01.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GCL shares. 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 upgraded Colabor Group to a “moderate buy” rating in a research report on Thursday, July 25th.

Colabor Group Trading Down 1.0 %

The business’s 50-day simple moving average is C$1.18 and its two-hundred day simple moving average is C$1.21. The firm has a market capitalization of C$102.01 million, a price-to-earnings ratio of 100.00, a PEG ratio of 0.61 and a beta of 0.83. The company has a quick ratio of 0.76, a current ratio of 1.58 and a debt-to-equity ratio of 153.61.

Colabor Group (TSE:GCL) last posted its 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). Colabor Group had a net margin of 0.51% and a return on equity of 3.56%. The company had revenue of C$162.03 million during the quarter, compared to analyst estimates of C$164.27 million. Equities analysts forecast 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.