Insider Buying: Goodfood Market (TSE:FOOD) Director Purchases C$32,000.00 in Stock

Goodfood Market Corp. (TSE:FOOD) Director John Khabbaz purchased 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was bought at an average cost of C$0.32 per share, for a total transaction of C$32,000.00. Following the acquisition, the director owned 7,900,000 shares in the company, valued at approximately C$2,528,000. The trade was a 1.28% increase in their position.

John Khabbaz also recently made the following trade(s):

• On Wednesday, December 24th, John Khabbaz purchased 50,000 shares of Goodfood Market stock. The shares were acquired at an average cost of C$0.34 per share, for a total transaction of C$17,000.00.

Goodfood Market Price Performance

Shares of TSE FOOD traded down C$0.02 during mid-day trading on Friday, reaching C$0.30. 39,481 shares of the company traded hands, compared to its average volume of 155,495. The company has a debt-to-equity ratio of -212.01, a current ratio of 0.98 and a quick ratio of 0.77. The firm has a market cap of C$29.65 million, a PE ratio of -3.33 and a beta of 1.98. The stock has a fifty day simple moving average of C$0.29 and a 200-day simple moving average of C$0.26. Goodfood Market Corp. has a fifty-two week low of C$0.14 and a fifty-two week high of C$0.53.

Goodfood Market (TSE:FOOD) last announced its quarterly earnings data on Tuesday, January 20th. The company reported C($0.03) EPS for the quarter. Goodfood Market had a negative net margin of 2.14% and a positive return on equity of 12.53%. The company had revenue of C$27.54 million for the quarter. Equities research analysts anticipate that Goodfood Market Corp. will post -0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.