Colabor Group (TSE:GCL) Stock Price Down 58.7% – Should You Sell?

Colabor Group Inc. (TSE:GCL)’s share price fell 58.7% on Friday . The company traded as low as C$0.13 and last traded at C$0.26. 5,638,897 shares changed hands during mid-day trading, an increase of 4,566% from the average session volume of 120,844 shares. The stock had previously closed at C$0.63.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GCL. Raymond James Financial lowered their price objective on Colabor Group from C$1.80 to C$1.50 and set an “outperform” rating for the company in a research report on Monday, July 28th. Desjardins lowered their price objective on Colabor Group from C$1.75 to C$1.50 and set a “buy” rating for the company in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Colabor Group presently has a consensus rating of “Buy” and an average price target of C$1.50.

Colabor Group Trading Down 58.7%

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

Insider Buying and Selling

In other Colabor Group news, insider Robert John Briscoe sold 100,000 shares of the company’s 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 value of C$80,000.00. Corporate insiders own 25.04% of the company’s stock.

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.