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Colabor Group (TSE:GCL) Shares Pass Above 200-Day Moving Average - Here's Why

Colabor Group logo with Consumer Defensive background
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Colabor Group Inc. (TSE:GCL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.01 and traded as high as C$1.04. Colabor Group shares last traded at C$1.00, with a volume of 122,003 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Desjardins raised their price target on shares of Colabor Group from C$1.85 to C$2.00 and gave the company a "buy" rating in a research report on Thursday, February 20th.

Read Our Latest Stock Analysis on Colabor Group

Colabor Group Stock Down 2.0 %

The firm has a market capitalization of C$96.44 million, a P/E ratio of 107.74, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83. The stock has a fifty day moving average of C$0.91 and a 200 day moving average of C$1.01. The company has a debt-to-equity ratio of 153.61, a current ratio of 1.62 and a quick ratio of 0.76.

Colabor Group Company Profile

(Get Free Report)

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.

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