Colabor Group (TSE:GCL) Hits New 52-Week Low – What’s Next?

Shares of Colabor Group Inc. (TSE:GCL) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.97 and last traded at C$0.97, with a volume of 344285 shares traded. The stock had previously closed at C$1.00.

Wall Street Analysts Forecast Growth

Separately, Raymond James set a C$1.80 target price on shares of Colabor Group and gave the company an “outperform” rating in a research note on Tuesday, August 6th.

Colabor Group Stock Down 3.0 %

The stock has a market cap of C$98.95 million, a P/E ratio of 100.00, a P/E/G 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. The company has a 50-day simple moving average of C$1.11 and a two-hundred day simple moving average of C$1.20.

Colabor Group (TSE:GCL) last released its quarterly earnings data on Thursday, October 17th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 0.51% and a return on equity of 3.56%. On average, equities analysts forecast that Colabor Group Inc. will post 0.0199693 EPS 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.