Goodfood Market (TSE:FOOD) Stock Price Up 1.6% – What’s Next?

Goodfood Market Corp. (TSE:FOOD)’s stock price shot up 1.6% during mid-day trading on Wednesday . The company traded as high as C$0.32 and last traded at C$0.31. 8,601 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 79,270 shares. The stock had previously closed at C$0.31.

Analyst Ratings Changes

Separately, Desjardins decreased their price objective 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, January 30th.

Goodfood Market Stock Up 1.6 %

The business’s fifty day moving average price is C$0.40 and its two-hundred day moving average price is C$0.37. The company has a debt-to-equity ratio of -212.01, a quick ratio of 0.77 and a current ratio of 0.98. The firm has a market capitalization of C$23.62 million, a P/E ratio of -7.44 and a beta of -0.34.

Goodfood Market Company Profile

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.