Goodfood Market (TSE:FOOD) Shares Down 6.5% – Here’s Why

Goodfood Market Corp. (TSE:FOOD)’s stock price was down 6.5% during trading on Tuesday . The company traded as low as C$0.36 and last traded at C$0.36. Approximately 99,270 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 92,906 shares. The stock had previously closed at C$0.39.

Analysts Set New Price Targets

Separately, Desjardins reduced their target price on Goodfood Market from C$0.65 to C$0.60 and set a “hold” rating on the stock in a report on Thursday, January 30th.

Goodfood Market Stock Performance

The stock has a 50 day moving average price of C$0.43 and a two-hundred day moving average price of C$0.36. 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 company has a market capitalization of C$24.38 million, a price-to-earnings ratio of -7.68 and a beta of -0.34.

Goodfood Market Company Profile

Goodfood Market Corp., an online grocery company, delivers fresh meals and add-ons in Canada. It offers ready-to-eat and ready-to-cook products, which include meal solutions, bakery, dessert, meat and seafood, drinks, pantry, produce, snacks, dairy, frozen, and kitchen essentials. Goodfood Market Corp.