Goodfood Market (TSE:FOOD) Trading Down 2.5% – Here’s What Happened

Shares of Goodfood Market Corp. (TSE:FOOD) dropped 2.5% on Thursday . The stock traded as low as C$0.20 and last traded at C$0.20. Approximately 3,708 shares traded hands during trading, a decline of 96% from the average daily volume of 95,609 shares. The stock had previously closed at C$0.20.

Goodfood Market Stock Performance

The business’s fifty day moving average is C$0.25 and its 200-day moving average is C$0.27. The stock has a market capitalization of C$19.27 million, a PE ratio of -1.95 and a beta of 1.76. The company has a quick ratio of 0.77, a current ratio of 1.12 and a debt-to-equity ratio of -197.23.

Goodfood Market (TSE:FOOD) last posted its quarterly earnings results 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 positive return on equity of 32.72% and a negative net margin of 7.90%. As a group, analysts anticipate that Goodfood Market Corp. will post -0.24 EPS for the current fiscal 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.