Goodfood Market (TSE:FOOD) Stock Price Down 14.3% – Should You Sell?

Shares of Goodfood Market Corp. (TSE:FOOD) were down 14.3% during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 1,652,420 shares traded hands during mid-day trading, an increase of 606% from the average daily volume of 234,096 shares. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

Separately, Desjardins dropped their price target on shares of Goodfood Market from C$0.15 to C$0.05 in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$0.05.

Goodfood Market Trading Down 14.3%

The business’s 50 day moving average price is C$0.16 and its two-hundred day moving average price is C$0.21. The company has a debt-to-equity ratio of -139.69, a quick ratio of 0.77 and a current ratio of 0.30. The company has a market capitalization of C$2.99 million, a price-to-earnings ratio of -0.21 and a beta of 2.04.

About Goodfood Market

Goodfood (TSX: FOOD) is a leading meal solutions brand in Canada, delivering fresh meals and add-ons that make it easy for customers from across Canada to enjoy delicious meals at home every day. The Goodfood mission is to create experiences that spark joy and help our community live longer on a healthier planet. Goodfood customers have access to uniquely fresh and delicious products, as well as exclusive pricing, made possible by its exceptional culinary team and direct-to-consumer infrastructures and technology.