Colabor Group (TSE:GCL) Reaches New 1-Year High at $1.34

Colabor Group Inc. (TSE:GCL)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$1.34 and last traded at C$1.30, with a volume of 73658 shares. The stock had previously closed at C$1.26.

Wall Street Analyst Weigh In

A number of research firms have commented on GCL. 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 Colabor Group to a “moderate buy” rating in a research note on Thursday, July 25th.

Colabor Group Price Performance

The firm has a market capitalization of C$134.63 million, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 0.61 and a beta of 0.84. The business has a 50-day moving average of C$1.22 and a 200 day moving average of C$1.20. The company has a current ratio of 1.58, a quick ratio of 0.76 and a debt-to-equity ratio of 155.65.

Colabor Group (TSE:GCL) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$161.28 million during the quarter, compared to analyst estimates of C$162.20 million. Colabor Group had a return on equity of 3.56% and a net margin of 0.51%. On average, sell-side analysts predict that Colabor Group Inc. will post 0.0650155 earnings per share for the current fiscal year.

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.