Colabor Group (TSE:GCL) Stock Passes Above 200 Day Moving Average of $1.22

Shares of Colabor Group Inc. (TSE:GCL) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.22 and traded as high as C$1.29. Colabor Group shares last traded at C$1.24, with a volume of 34,905 shares changing hands.

Analyst Ratings Changes

GCL has been the topic of several research analyst reports. Raymond James set a C$1.80 price objective on Colabor Group and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Desjardins upgraded shares of Colabor Group to a “moderate buy” rating in a research report on Thursday, July 25th.

Colabor Group Price Performance

The company has a debt-to-equity ratio of 155.65, a current ratio of 1.58 and a quick ratio of 0.76. The company has a fifty day moving average price of C$1.30 and a 200 day moving average price of C$1.22. The company has a market capitalization of C$126.47 million, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 0.61 and a beta of 0.85.

Colabor Group (TSE:GCL) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$0.02 EPS for the quarter. Colabor Group had a return on equity of 3.56% and a net margin of 0.51%. The firm had revenue of C$161.28 million during the quarter, compared to the consensus estimate of C$162.20 million. On average, sell-side analysts forecast that Colabor Group Inc. will post 0.0970432 EPS for the current fiscal year.

Colabor Group Company Profile

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.