Goodfood Market (TSE:FOOD) Stock Price Down 10% – Here’s Why

Goodfood Market Corp. (TSE:FOOD)’s stock price traded down 10% during trading on Tuesday . The stock traded as low as C$0.23 and last traded at C$0.23. 101,792 shares were traded during mid-day trading, a decline of 19% from the average session volume of 125,639 shares. The stock had previously closed at C$0.25.

Analyst Upgrades and Downgrades

Separately, Desjardins reduced their price objective on Goodfood Market from C$0.25 to C$0.15 and set a “hold” rating for the company in a research note on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Goodfood Market has a consensus rating of “Hold” and an average price target of C$0.15.

Goodfood Market Stock Performance

The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of -140.43. The business has a 50 day moving average price of C$0.21 and a two-hundred day moving average price of C$0.25. The stock has a market cap of C$22.89 million, a P/E ratio of -1.77 and a beta of 1.94.

Goodfood Market (TSE:FOOD) last issued its earnings results on Tuesday, April 21st. The company reported C($0.07) earnings per share (EPS) for the quarter. The business had revenue of C$22.51 million for the quarter. Goodfood Market had a negative net margin of 12.64% and a positive return on equity of 45.86%. On average, sell-side analysts forecast that Goodfood Market Corp. will post -0.24 earnings per share for the current fiscal year.

Goodfood Market Company Profile

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.