good natured Products (CVE:GDNP) Stock Price Down 5.2%

good natured Products Inc. (CVE:GDNP) shares traded down 5.2% during mid-day trading on Thursday . The stock traded as low as C$0.89 and last traded at C$0.91. 286,792 shares changed hands during trading, a decline of 69% from the average session volume of 919,491 shares. The stock had previously closed at C$0.96.

GDNP has been the topic of several recent analyst reports. Raymond James set a C$2.00 price target on shares of good natured Products and gave the company an “outperform” rating in a report on Monday, August 30th. Pi Financial set a C$2.15 price objective on shares of good natured Products and gave the stock a “buy” rating in a report on Wednesday, September 8th.

The firm’s 50 day moving average price is C$0.89 and its 200-day moving average price is C$1.03. The firm has a market cap of C$193.24 million and a price-to-earnings ratio of -15.74. The company has a debt-to-equity ratio of 154.86, a current ratio of 1.75 and a quick ratio of 1.10.

About good natured Products (CVE:GDNP)

good natured Products Inc, through its subsidiaries, designs, produces, and distributes bioplastics for use in packaging and durable product applications in Canada and the United States. It offers packaging products for baked goods, deli and prepared meals, and fruits and veggies; home and business products, including totes and crates, stacking posts for legal desk trays, vertical file holders, self-stacker desk trays, pencil holders, paper clip dispensers, and recyclers and waste collectors; pallet stretch wraps and resins; compostable take out containers, such as hot cups and lids, plates, carry out boxes, cutlery, and soup bowls and lids; and plastic sheet and film products, including extruded roll stock sheets for thermoformed packaging.

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