Colabor Group (TSE:GCL) Stock Price Down 10.6% After Earnings Miss

Shares of Colabor Group Inc. (TSE:GCL) fell 10.6% on Friday following a weaker than expected earnings announcement. The company traded as low as C$1.17 and last traded at C$1.18. 20,656 shares traded hands during trading, a decline of 75% from the average session volume of 82,385 shares. The stock had previously closed at C$1.32.

The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.01). The company had revenue of C$162.03 million for the quarter, compared to the consensus estimate of C$164.27 million. Colabor Group had a net margin of 0.51% and a return on equity of 3.56%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Raymond James set a C$1.80 target price on shares of Colabor Group and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Desjardins raised Colabor Group to a “moderate buy” rating in a research report on Thursday, July 25th.

Colabor Group Trading Down 13.6 %

The stock’s fifty day simple moving average is C$1.29 and its 200 day simple moving average is C$1.23. The firm has a market capitalization of C$116.27 million, a PE ratio of 28.50, a PEG ratio of 0.61 and a beta of 0.83. The company has a quick ratio of 0.76, a current ratio of 1.58 and a debt-to-equity ratio of 155.65.

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.