Goodfood Market (TSE:FOOD) Shares Down 2.9% – Here’s Why

Goodfood Market Corp. (TSE:FOOD) shares dropped 2.9% during trading on Friday . The stock traded as low as C$0.17 and last traded at C$0.17. Approximately 244,707 shares traded hands during trading, an increase of 117% from the average daily volume of 112,780 shares. The stock had previously closed at C$0.18.

Analyst Ratings Changes

FOOD has been the topic of several recent research reports. Stifel Nicolaus cut their price target on Goodfood Market from C$0.50 to C$0.20 in a report on Wednesday, April 23rd. Desjardins lowered their price objective on Goodfood Market from C$0.60 to C$0.30 and set a “hold” rating for the company in a research report on Thursday, April 24th.

Goodfood Market Stock Performance

The stock’s 50-day simple moving average is C$0.16 and its 200 day simple moving average is C$0.23. The company has a debt-to-equity ratio of -212.01, a quick ratio of 0.77 and a current ratio of 0.98. The company has a market capitalization of C$12.95 million, a PE ratio of -4.08 and a beta of -0.34.

Goodfood Market Company Profile

Goodfood is a leading online grocery company in Canada, delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. Goodfood’s mission is to make the impossible come true, from farm to kitchen, by enabling members to complete their weekly meal planning and grocery shopping in minutes.