Goodfood Market (TSE:FOOD) Stock Price Up 8.5% – Should You Buy?

Goodfood Market Corp. (TSE:FOOD)’s stock price rose 8.5% during trading on Wednesday . The stock traded as high as C$0.51 and last traded at C$0.51. Approximately 185,800 shares traded hands during trading, an increase of 49% from the average daily volume of 124,653 shares. The stock had previously closed at C$0.47.

Analyst Ratings Changes

Separately, Desjardins reduced their target price on Goodfood Market from C$0.65 to C$0.60 and set a “hold” rating for the company in a research note on Thursday.

Goodfood Market Stock Down 5.4 %

The firm has a market cap of C$33.98 million, a PE ratio of -8.80 and a beta of -0.34. The business’s 50 day moving average price is C$0.44 and its 200 day moving average price is C$0.35. The company has a debt-to-equity ratio of 346.01, a current ratio of 1.34 and a quick ratio of 0.77.

About Goodfood Market

Goodfood Market Corp., an online grocery company, delivers fresh meals and add-ons in Canada. It offers ready-to-eat and ready-to-cook products, which include meal solutions, bakery, dessert, meat and seafood, drinks, pantry, produce, snacks, dairy, frozen, and kitchen essentials. Goodfood Market Corp.