Goodfood Market (TSE:FOOD) Stock Price Down 20.9% – Here’s Why

Goodfood Market Corp. (TSE:FOOD)’s stock price dropped 20.9% on Tuesday . The stock traded as low as C$0.16 and last traded at C$0.17. Approximately 527,751 shares were traded during trading, an increase of 471% from the average daily volume of 92,489 shares. The stock had previously closed at C$0.22.

Goodfood Market Price Performance

The business has a fifty day moving average price of C$0.23 and a two-hundred day moving average price of C$0.26. The company has a current ratio of 1.12, a quick ratio of 0.77 and a debt-to-equity ratio of -197.23. The company has a market cap of C$19.27 million, a price-to-earnings ratio of -1.95 and a beta of 1.89.

Goodfood Market (TSE:FOOD) last posted its quarterly earnings results on Tuesday, April 21st. The company reported C($0.07) EPS for the quarter. Goodfood Market had a positive return on equity of 32.72% and a negative net margin of 7.90%.The company had revenue of C$22.51 million for the quarter. On average, equities analysts predict that Goodfood Market Corp. will post -0.24 earnings per share for the current 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.