Goodfood Market (TSE:FOOD) Posts Quarterly Earnings Results

Goodfood Market (TSE:FOOD) announced its earnings results on Tuesday. The company reported C($0.03) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$27.54 million for the quarter. Goodfood Market had a positive return on equity of 12.53% and a negative net margin of 2.14%.

Goodfood Market Trading Up 1.5%

TSE FOOD opened at C$0.33 on Tuesday. The stock has a market capitalization of C$32.79 million, a P/E ratio of -3.67 and a beta of 1.98. The business has a 50 day simple moving average of C$0.28 and a 200 day simple moving average of C$0.26. The company has a debt-to-equity ratio of -212.01, a current ratio of 0.98 and a quick ratio of 0.77. Goodfood Market has a one year low of C$0.14 and a one year high of C$0.54.

Analysts Set New Price Targets

Separately, Desjardins reduced their price target on shares of Goodfood Market from C$0.30 to C$0.25 and set a “hold” rating on the stock in a research report on Friday, November 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$0.23.

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. Goodfood members have access to a unique selection of products and exclusive pricing made possible by its world class direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead.