Colabor Group Inc. (TSE:GCL - Get Free Report) shares dropped 10.6% on Friday after the company announced weaker than expected quarterly earnings. The stock traded as low as C$1.17 and last traded at C$1.18. Approximately 20,656 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 82,385 shares. The stock had previously closed at C$1.32.
The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.01). Colabor Group had a return on equity of 3.56% and a net margin of 0.51%. The business had revenue of C$162.03 million for the quarter, compared to analysts' expectations of C$164.27 million.
Analyst Ratings Changes
GCL has been the topic of several analyst reports. Raymond James set a C$1.80 target price on Colabor Group and gave the company 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.
View Our Latest Stock Analysis on Colabor Group
Colabor Group Stock Down 13.6 %
The company has a debt-to-equity ratio of 155.65, a quick ratio of 0.76 and a current ratio of 1.58. The firm has a market capitalization of C$116.27 million, a price-to-earnings ratio of 30.00, a PEG ratio of 0.61 and a beta of 0.83. The firm has a fifty day moving average price of C$1.29 and a 200 day moving average price of C$1.23.
About Colabor Group
(
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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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