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

Goodfood Market Corp. (TSE:FOOD) shares dropped 10% during trading on Tuesday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 101,792 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 125,639 shares. The stock had previously closed at C$0.25.

Wall Street Analyst Weigh In

Separately, Desjardins lowered 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 report on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, Goodfood Market presently has a consensus rating of “Hold” and an average price target of C$0.15.

Goodfood Market Price Performance

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

Goodfood Market (TSE:FOOD) last posted its quarterly earnings data on Tuesday, April 21st. The company reported C($0.07) EPS for the quarter. The company had revenue of C$22.51 million during the quarter. Goodfood Market had a positive return on equity of 45.86% and a negative net margin of 12.64%. As a group, analysts expect that Goodfood Market Corp. will post -0.24 EPS 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.