Groupe Dynamite Drops as GRGD Investors Look Past 37% Jump in Revenue

Groupe Dynamite Inc. shares plunged Tuesday, down 33.06% to CA$49.83 by 12:53 p.m. EDT, even as the Montreal retailer posted a much stronger first quarter. The TSX-listed name, ticker GRGD, hit a session low of CA$48.33 earlier. Google Finance was showing a market cap of CA$5.65 billion at that price, with a price-to-earnings ratio of 22.62. P/E shows how much investors pay per dollar of profit.