Goodfood Market (TSE:FOOD) Given New C$0.05 Price Target at Desjardins

Goodfood Market (TSE:FOOD) had its price target cut by Desjardins from C$0.15 to C$0.05 in a research note published on Thursday,BayStreet.CA reports.

Goodfood Market Stock Performance

Shares of Goodfood Market stock opened at C$0.03 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.30 and a debt-to-equity ratio of -139.69. The stock’s fifty day moving average is C$0.19 and its two-hundred day moving average is C$0.23. Goodfood Market has a 52 week low of C$0.03 and a 52 week high of C$0.38. The company has a market capitalization of C$2.99 million, a PE ratio of -0.23 and a beta of 2.04.

Goodfood Market (TSE:FOOD) last released its earnings results on Tuesday, April 21st. The company reported C($0.07) earnings per share for the quarter. The business had revenue of C$22.51 million for the quarter. Goodfood Market had a positive return on equity of 41.50% and a negative net margin of 13.96%. As a group, analysts expect that Goodfood Market will post -0.24 earnings per share for the current year.

Goodfood Market Company Profile

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.