Goodfood Market (TSE:FOOD) Trading Up 4.1% – Still a Buy?

Shares of Goodfood Market Corp. (TSE:FOOD – Get Free Report) traded up 4.1% on Friday . The company traded as high as C$0.26 and last traded at C$0.26. 76,445 shares changed hands during trading, a decline of 41% from the average session volume of 130,503 shares. The stock had previously closed at C$0.25.

Analyst Ratings Changes

Separately, Desjardins reduced their price objective on Goodfood Market from C$0.25 to C$0.15 and set a “hold” rating for the company in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Goodfood Market presently has a consensus rating of “Hold” and a consensus target price of C$0.15.

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Goodfood Market Trading Up 4.1%

The company has a debt-to-equity ratio of -140.43, a quick ratio of 0.77 and a current ratio of 0.82. The company has a market cap of C$25.38 million, a P/E ratio of -1.96 and a beta of 1.94. The stock has a 50-day moving average of C$0.21 and a two-hundred day moving average of C$0.26.

Goodfood Market (TSE:FOOD – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported C($0.07) earnings per share for the quarter. Goodfood Market had a negative net margin of 12.64% and a positive return on equity of 45.86%. The company had revenue of C$22.51 million for the quarter. On average, equities research analysts predict that Goodfood Market Corp. will post -0.24 earnings per share for the current year.

Goodfood Market Company Profile

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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.

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