Goodfood Market (TSE:FOOD) Trading 4.1% Higher – Here’s Why

Goodfood Market Corp. (TSE:FOOD)’s stock price traded up 4.1% during mid-day trading on Friday . The stock traded as high as C$0.26 and last traded at C$0.26. 76,445 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 130,503 shares. The stock had previously closed at C$0.25.

Analyst Ratings Changes

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

Goodfood Market Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of -140.43. The firm has a market cap of C$25.38 million, a P/E ratio of -1.96 and a beta of 1.94. The firm has a 50-day simple moving average of C$0.21 and a 200-day simple moving average of C$0.26.

Goodfood Market (TSE:FOOD) last announced its earnings results on Tuesday, April 21st. The company reported C($0.07) earnings per share (EPS) for the quarter. The company 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%. As a group, analysts forecast that Goodfood Market Corp. will post -0.24 EPS for the current year.

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.