Goodfood Market (TSE:FOOD) Stock Price Down 40% – Should You Sell?

Goodfood Market Corp. (TSE:FOOD)’s share price fell 40% on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 1,982,587 shares traded hands during mid-day trading, an increase of 1,449% from the average session volume of 128,010 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

Separately, Desjardins lowered their price target on Goodfood Market from C$0.15 to C$0.05 in a research report on Thursday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$0.05.

Goodfood Market Stock Performance

The stock has a market capitalization of C$2.99 million, a PE ratio of -0.23 and a beta of 2.04. The company has a debt-to-equity ratio of -139.69, a quick ratio of 0.77 and a current ratio of 0.30. The firm’s 50 day moving average is C$0.19 and its two-hundred day moving average is C$0.23.

Goodfood Market (TSE:FOOD) last issued its quarterly earnings results on Tuesday, April 21st. The company reported C($0.07) EPS for the quarter. Goodfood Market had a negative net margin of 13.96% and a positive return on equity of 41.50%. The business had revenue of C$22.51 million during the quarter. As a group, research analysts predict that Goodfood Market Corp. will post -0.24 earnings per share for the current 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.