Goodfood Market (TSE:FOOD) Insider Phoenician Capital Llc Buys 50,000 Shares

Goodfood Market Corp. (TSE:FOOD) insider Phoenician Capital Llc acquired 50,000 shares of the stock in a transaction dated Wednesday, December 24th. The shares were bought at an average cost of C$0.34 per share, for a total transaction of C$17,000.00. Following the acquisition, the insider owned 7,950,000 shares in the company, valued at C$2,703,000. The trade was a 0.63% increase in their position.

Phoenician Capital Llc also recently made the following trade(s):

• On Tuesday, December 23rd, Phoenician Capital Llc bought 100,000 shares of Goodfood Market stock. The shares were acquired at an average price of C$0.32 per share, with a total value of C$32,000.00.

Goodfood Market Stock Performance

FOOD traded down C$0.02 on Friday, hitting C$0.30. 39,481 shares of the stock traded hands, compared to its average volume of 155,495. The firm has a market capitalization of C$29.65 million, a PE ratio of -3.33 and a beta of 1.98. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of -212.01. Goodfood Market Corp. has a 52 week low of C$0.14 and a 52 week high of C$0.53. The business has a fifty day moving average price of C$0.29 and a two-hundred day moving average price of C$0.26.

Goodfood Market (TSE:FOOD) last released its quarterly earnings data on Tuesday, January 20th. The company reported C($0.03) earnings per share for the quarter. The company had revenue of C$27.54 million for the quarter. Goodfood Market had a negative net margin of 2.14% and a positive return on equity of 12.53%. On average, research analysts predict that Goodfood Market Corp. will post -0.24 EPS for the current fiscal year.

Analyst Ratings Changes

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

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. 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.