Colabor Group (TSE:GCL) Stock Price Down 15.8% – Should You Sell?

Colabor Group Inc. (TSE:GCL)’s stock price dropped 15.8% during trading on Friday . The stock traded as low as C$0.84 and last traded at C$0.85. Approximately 75,639 shares traded hands during trading, a decline of 36% from the average daily volume of 118,488 shares. The stock had previously closed at C$1.01.

Analysts Set New Price Targets

Separately, Desjardins boosted their price target on Colabor Group from C$1.85 to C$2.00 and gave the company a “buy” rating in a report on Thursday, February 20th.

Colabor Group Trading Down 15.8 %

The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 153.61. The firm’s fifty day moving average is C$0.94 and its two-hundred day moving average is C$0.95. The firm has a market cap of C$83.65 million, a P/E ratio of 93.45, a PEG ratio of 0.61 and a beta of 0.83.

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.