good natured Products (CVE:GDNP) Hits New 52-Week Low on Analyst Downgrade

good natured Products Inc. (CVE:GDNP – Get Rating)’s share price hit a new 52-week low during mid-day trading on Thursday after Pi Financial lowered their price target on the stock from C$0.50 to C$0.40. The stock traded as low as C$0.17 and last traded at C$0.18, with a volume of 32705 shares changing hands. The stock had previously closed at C$0.18.

Several other analysts have also recently commented on GDNP. Canaccord Genuity Group decreased their target price on good natured Products from C$0.25 to C$0.20 in a report on Thursday. National Bankshares set a C$0.25 price target on good natured Products and gave the company a “sector perform” rating in a research note on Friday, May 19th.

good natured Products Stock Up 2.9 %

The firm has a fifty day simple moving average of C$0.22 and a 200-day simple moving average of C$0.24. The company has a market capitalization of C$40.18 million, a P/E ratio of -4.50, a P/E/G ratio of 204.00 and a beta of 1.87. The company has a quick ratio of 1.04, a current ratio of 1.33 and a debt-to-equity ratio of 369.86.

good natured Products Company Profile

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good natured Products Inc, together with its subsidiaries, designs, produces, and distributes bioplastics for use in packaging and durable product applications in Canada and the United States. It offers packaging products for baked goods, deli and prepared meals, and fruits and veggies; home and business products, including bins, totes and crates, and food storage and bin liners; pallet stretch wraps, rollstocks, and resins; compostable take out containers, such as hot cups and lids, plates, carry out boxes, cutlery, and soup bowls and lids; and plastic sheet and film products, including extruded roll stock sheets for thermoformed packaging.