Colabor Group (TSE:GCL) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Colabor Group Inc. (TSE:GCL) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Separately, Desjardins lifted their price objective on Colabor Group from C$1.85 to C$2.00 and gave the stock a “buy” rating in a report on Thursday, February 20th.

Colabor Group Stock Performance

The company’s fifty day simple moving average is C$0.91 and its two-hundred day simple moving average is C$1.01. The company has a market capitalization of C$98.41 million, a price-to-earnings ratio of 109.94, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83. The company has a debt-to-equity ratio of 153.61, a quick ratio of 0.76 and a current ratio of 1.62.

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.