Colabor Group (TSE:GCL) Shares Pass Above 200-Day Moving Average of $1.22

Colabor Group Inc. (TSE:GCL)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.22 and traded as high as C$1.32. Colabor Group shares last traded at C$1.32, with a volume of 8,524 shares traded.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GCL. Raymond James set a C$1.80 target price on shares of Colabor Group and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Desjardins upgraded Colabor Group to a “moderate buy” rating in a research report on Thursday, July 25th.

Colabor Group Stock Performance

The company has a quick ratio of 0.76, a current ratio of 1.58 and a debt-to-equity ratio of 155.65. The stock has a market capitalization of C$130.55 million, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 0.61 and a beta of 0.85. The stock’s 50-day simple moving average is C$1.29 and its 200 day simple moving average is C$1.22.

Colabor Group (TSE:GCL) last announced its earnings results on Wednesday, July 24th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$161.28 million for the quarter, compared to the consensus estimate of C$162.20 million. Colabor Group had a return on equity of 3.56% and a net margin of 0.51%. Analysts expect that Colabor Group Inc. will post 0.0970432 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.