Goodfood Market (TSE:FOOD) Trading Up 3.6% – What’s Next?

Goodfood Market Corp. (TSE:FOOD) traded up 3.6% on Friday . The stock traded as high as C$0.16 and last traded at C$0.15. 153,593 shares traded hands during trading, an increase of 49% from the average session volume of 103,354 shares. The stock had previously closed at C$0.14.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Goodfood Market from C$0.50 to C$0.20 in a research report on Wednesday, April 23rd. Desjardins dropped their price target on Goodfood Market from C$0.60 to C$0.30 and set a “hold” rating on the stock in a research report on Thursday, April 24th.

Goodfood Market Stock Up 3.6%

The company has a 50 day moving average price of C$0.14 and a two-hundred day moving average price of C$0.28. The company has a debt-to-equity ratio of -212.01, a current ratio of 0.98 and a quick ratio of 0.77. The stock has a market cap of C$11.05 million, a PE ratio of -3.48 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.