Goodfood Market (TSE:FOOD) Trading Up 29.4% – Still a Buy?

Goodfood Market Corp. (TSE:FOOD) was up 29.4% during mid-day trading on Wednesday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 905,535 shares traded hands during mid-day trading, an increase of 671% from the average daily volume of 117,521 shares. The stock had previously closed at C$0.17.

Analyst Ratings Changes

A number of research analysts recently issued reports on FOOD shares. Desjardins dropped their price objective on shares of Goodfood Market from C$0.60 to C$0.30 and set a “hold” rating for the company in a report on Thursday, April 24th. Stifel Nicolaus dropped their price objective on shares of Goodfood Market from C$0.50 to C$0.20 in a report on Wednesday, April 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$0.25.

Goodfood Market Trading Up 29.4%

The company has a market cap of C$16.76 million, a price-to-earnings ratio of -5.28 and a beta of -0.34. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of -212.01. The firm’s 50-day moving average price is C$0.17 and its 200 day moving average price is C$0.22.

About Goodfood Market

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.