Goodfood Market (TSE:FOOD) Price Target Lowered to C$0.25 at Desjardins

Goodfood Market (TSE:FOOD) had its price objective cut by stock analysts at Desjardins from C$0.30 to C$0.25 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price objective would indicate a potential upside of 4.17% from the stock’s current price.

Goodfood Market Stock Down 2.0%

FOOD traded down C$0.01 during trading on Friday, reaching C$0.24. 67,278 shares of the stock traded hands, compared to its average volume of 149,594. The stock’s 50-day simple moving average is C$0.28 and its two-hundred day simple moving average is C$0.21. The company has a debt-to-equity ratio of -212.01, a current ratio of 0.98 and a quick ratio of 0.77. Goodfood Market has a fifty-two week low of C$0.14 and a fifty-two week high of C$0.54. The stock has a market cap of C$23.60 million, a price-to-earnings ratio of -2.49 and a beta of 1.11.

Insider Transactions at Goodfood Market

In related news, insider Phoenician Capital Llc sold 155,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of C$0.29, for a total value of C$44,950.00. Following the completion of the sale, the insider directly owned 8,368,400 shares in the company, valued at approximately C$2,426,836. This represents a 1.82% decrease in their ownership of the stock. 23.16% of the stock is owned by company insiders.

Goodfood Market Company Profile

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.