Colabor Group Inc (GCL) to Release Earnings on Thursday
Colabor Group Inc (TSE:GCL) will release its earnings data before the market opens on Thursday, October 19th.
Shares of Colabor Group Inc (TSE GCL) opened at 0.91 on Friday. Colabor Group Inc has a one year low of $0.76 and a one year high of $1.53. The company’s 50-day moving average is $0.90 and its 200-day moving average is $0.93. The stock has a market capitalization of $92.92 million and a P/E ratio of 33.70.
Separately, TD Securities lowered their price objective on shares of Colabor Group from C$1.25 to C$1.20 and set a “hold” rating on the stock in a research report on Monday, July 24th.
In other news, Director Robert John Briscoe acquired 65,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of C$0.84 per share, for a total transaction of C$54,600.00. Over the last quarter, insiders purchased 111,300 shares of company stock worth $92,792.
About Colabor Group
Colabor Group Inc is a Canada-based distributor of food and food-related products. The Company serves foodservice and retail markets. The Company operates through two segments: Distribution and Wholesale. The Distribution Segment includes operating activities, such as Summit Foodservice, which is a distributor and master food wholesaler; Skor Cash & Carry Division, which operates over five Cash & Carry locations in southern Ontario and offers over 12,000 retail and food service products; Colabor Food Distributor, which is a distributor to foodservice and retail customers; Les Pecheries Norref Quebec Inc, which is a fresh fish and seafood products importer and distributor in the province of Quebec, and Lauzon Meats is a distributor of Cargill beef brands.
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