Goodfood Market (TSE:FOOD) Trading Down 10% – Time to Sell?

Goodfood Market Corp. (TSE:FOOD)’s stock price dropped 10% on Tuesday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 101,792 shares changed hands during 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 Analysts Forecast Growth

Separately, Desjardins dropped their target price on Goodfood Market from C$0.25 to C$0.15 and set a “hold” rating on the stock in a report on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$0.15.

Goodfood Market Stock Performance

The firm’s fifty day moving average price is C$0.21 and its 200 day moving average price is C$0.25. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of -140.43. The firm has a market capitalization of C$22.89 million, a PE ratio of -1.77 and a beta of 1.94.

Goodfood Market (TSE:FOOD) last announced its quarterly earnings data on Tuesday, April 21st. The company reported C($0.07) earnings per share (EPS) for the quarter. Goodfood Market had a positive return on equity of 45.86% and a negative net margin of 12.64%.The firm had revenue of C$22.51 million for the quarter. On average, research analysts anticipate 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.