Goodfood Market (TSE:FOOD) Trading 1.7% Higher – Should You Buy?

Goodfood Market Corp. (TSE:FOOD) traded up 1.7% on Friday . The company traded as high as C$0.31 and last traded at C$0.30. 40,489 shares were traded during trading, a decline of 74% from the average session volume of 154,158 shares. The stock had previously closed at C$0.30.

Wall Street Analysts Forecast Growth

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

Goodfood Market Stock Up 1.7%

The stock has a market capitalization of C$29.81 million, a P/E ratio of -3.33 and a beta of 1.11. The stock has a 50 day moving average price of C$0.27 and a 200-day moving average price of C$0.23. The company has a debt-to-equity ratio of -212.01, a current ratio of 0.98 and a quick ratio of 0.77.

Goodfood Market (TSE:FOOD) last released its earnings results on Thursday, November 27th. The company reported C$0.05 earnings per share for the quarter. Goodfood Market had a positive return on equity of 12.53% and a negative net margin of 2.14%.The company had revenue of C$25.03 million during the quarter. As a group, research analysts expect that Goodfood Market Corp. will post -0.24 EPS for the current fiscal year.

Insider Buying and Selling at Goodfood Market

In other news, insider Phoenician Capital Llc sold 155,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of C$0.29, for a total transaction of C$44,950.00. Following the completion of the sale, the insider owned 8,368,400 shares of the company’s stock, valued at approximately C$2,426,836. This represents a 1.82% decrease in their ownership of the stock. Company insiders own 23.16% of the company’s stock.

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.