Goodfood Market (TSE:FOOD) Trading Up 8.5% – Still a Buy?

Goodfood Market Corp. (TSE:FOOD) shares traded up 8.5% on Wednesday . The company traded as high as C$0.51 and last traded at C$0.51. 185,800 shares traded hands during mid-day trading, an increase of 49% from the average session volume of 124,653 shares. The stock had previously closed at C$0.47.

Analyst Ratings Changes

Separately, Desjardins lowered their target price on Goodfood Market from C$0.65 to C$0.60 and set a “hold” rating on the stock in a report on Thursday.

Goodfood Market Stock Down 5.4 %

The company has a debt-to-equity ratio of 346.01, a quick ratio of 0.77 and a current ratio of 1.34. The business has a 50 day simple moving average of C$0.44 and a 200-day simple moving average of C$0.35. The firm has a market capitalization of C$33.98 million, a price-to-earnings ratio of -8.80 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.