Goodfood Market (TSE:FOOD) Stock Price Down 9% – Should You Sell?

Goodfood Market Corp. (TSE:FOOD) shares traded down 9% during mid-day trading on Monday . The stock traded as low as C$0.31 and last traded at C$0.31. 155,004 shares changed hands during mid-day trading, an increase of 165% from the average session volume of 58,601 shares. The stock had previously closed at C$0.34.

Analyst Upgrades and Downgrades

Separately, Desjardins cut their target price on Goodfood Market from C$0.30 to C$0.25 and set a “hold” rating on the stock in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Goodfood Market currently has a consensus rating of “Hold” and an average target price of C$0.23.

Goodfood Market Price Performance

The company has a debt-to-equity ratio of -212.01, a quick ratio of 0.77 and a current ratio of 0.98. The firm has a market capitalization of C$29.81 million, a PE ratio of -3.33 and a beta of 1.98. The business’s 50 day moving average is C$0.27 and its two-hundred day moving average is C$0.24.

Goodfood Market (TSE:FOOD) last issued its earnings results on Thursday, November 27th. The company reported C$0.05 EPS for the quarter. Goodfood Market had a positive return on equity of 12.53% and a negative net margin of 2.14%.The business had revenue of C$25.03 million during the quarter. Equities research analysts anticipate that Goodfood Market Corp. will post -0.24 earnings per share for the current fiscal year.

About Goodfood Market

Goodfood is a leading online grocery company in Canada, delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. Goodfood’s mission is to make the impossible come true, from farm to kitchen, by enabling members to complete their weekly meal planning and grocery shopping in minutes. Goodfood members have access to a unique selection of products and exclusive pricing made possible by its world class direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead.