Goodfood Market (TSE:FOOD) Trading Down 13% – Here’s What Happened

Goodfood Market Corp. (TSE:FOOD)’s stock price traded down 13% during mid-day trading on Friday . The stock traded as low as C$0.19 and last traded at C$0.20. 360,611 shares traded hands during trading, an increase of 259% from the average session volume of 100,452 shares. The stock had previously closed at C$0.23.

Analyst Ratings Changes

Separately, Desjardins decreased their price target on Goodfood Market from C$0.30 to C$0.25 and set a “hold” rating for the company in a report on Friday, November 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$0.23.

Goodfood Market Trading Down 13.0%

The company has a debt-to-equity ratio of -197.23, a current ratio of 1.12 and a quick ratio of 0.77. The firm’s fifty day moving average is C$0.27 and its two-hundred day moving average is C$0.28. The firm has a market capitalization of C$19.77 million, a PE ratio of -2.00 and a beta of 1.76.

Goodfood Market (TSE:FOOD) last posted its quarterly earnings data on Tuesday, January 20th. The company reported C($0.03) EPS for the quarter. Goodfood Market had a negative net margin of 7.90% and a positive return on equity of 32.72%. The firm had revenue of C$27.54 million during the quarter. On average, equities analysts predict that Goodfood Market Corp. will post -0.24 EPS for the current fiscal year.

Insider Buying and Selling

In other Goodfood Market news, Director John Khabbaz acquired 100,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were acquired at an average price of C$0.32 per share, with a total value of C$32,000.00. Following the completion of the transaction, the director owned 7,900,000 shares in the company, valued at approximately C$2,528,000. This trade represents a 1.28% increase in their ownership of the stock. Also, insider Phoenician Capital Llc acquired 100,000 shares of Goodfood Market stock in a transaction on Tuesday, December 23rd. The stock was acquired at an average price of C$0.32 per share, with a total value of C$32,000.00. Following the purchase, the insider directly owned 7,900,000 shares in the company, valued at approximately C$2,528,000. This trade represents a 1.28% increase in their ownership of the stock. Insiders have purchased 300,000 shares of company stock valued at $98,000 over the last ninety days. 23.16% of the stock is currently owned by company insiders.

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.