Goodfood Market (TSE:FOOD) Trading Down 6.5% – Here’s What Happened

Goodfood Market Corp. (TSE:FOOD) shares traded down 6.5% during mid-day trading on Tuesday . The stock traded as low as C$0.36 and last traded at C$0.36. 99,270 shares were traded during mid-day trading, an increase of 7% from the average session volume of 92,906 shares. The stock had previously closed at C$0.39.

Analyst Upgrades and Downgrades

Separately, Desjardins reduced their price target on shares of Goodfood Market from C$0.65 to C$0.60 and set a “hold” rating for the company 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 stock’s 50 day moving average price is C$0.43 and its two-hundred day moving average price is C$0.36. The firm has a market capitalization of C$24.38 million, a price-to-earnings ratio of -7.68 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.