Goodfood Market (TSE:FOOD) Shares Up 2.4% – What’s Next?

Goodfood Market Corp. (TSE:FOOD)’s share price rose 2.4% on Thursday . The company traded as high as C$0.21 and last traded at C$0.21. Approximately 31,533 shares traded hands during trading, a decline of 68% from the average daily volume of 99,807 shares. The stock had previously closed at C$0.21.

Analysts Set New Price Targets

Separately, Desjardins reduced their target price on shares of Goodfood Market from C$0.65 to C$0.60 and set a “hold” rating on the stock in a research report on Thursday, January 30th.

Goodfood Market Price Performance

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 company has a 50-day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.36. The stock has a market capitalization of C$16.00 million, a price-to-earnings ratio of -5.04 and a beta of -0.34.

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.