Goodfood Market (TSE:FOOD) Stock Price Down 14.3% – Here’s What Happened

Goodfood Market Corp. (TSE:FOODGet Free Report)’s stock price was down 14.3% during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 1,652,420 shares were traded during trading, an increase of 606% from the average session volume of 234,096 shares. The stock had previously closed at C$0.04.

Wall Street Analysts Forecast Growth

Separately, Desjardins reduced their price objective on shares of Goodfood Market from C$0.15 to C$0.05 in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Goodfood Market currently has a consensus rating of “Hold” and an average price target of C$0.05.

Get Our Latest Stock Analysis on Goodfood Market

Goodfood Market Stock Performance

The firm has a 50-day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.21. The company has a current ratio of 0.30, a quick ratio of 0.77 and a debt-to-equity ratio of -139.69. The company has a market capitalization of C$2.99 million, a price-to-earnings ratio of -0.21 and a beta of 2.04.

About Goodfood Market

(Get Free Report)

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.

Further Reading

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