Goodfood Market (TSE:FOOD) Price Target Lowered to C$0.15 at Desjardins

Goodfood Market (TSE:FOOD) had its price objective lowered by Desjardins from C$0.25 to C$0.15 in a research note published on Thursday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Goodfood Market Stock Performance

Shares of FOOD stock opened at C$0.21 on Thursday. Goodfood Market has a 12-month low of C$0.13 and a 12-month high of C$0.38. The firm has a market capitalization of C$20.40 million, a price-to-earnings ratio of -1.58 and a beta of 1.89. The business has a 50 day simple moving average of C$0.22 and a 200 day simple moving average of C$0.26. The company has a debt-to-equity ratio of -140.43, a current ratio of 0.82 and a quick ratio of 0.77.

Goodfood Market (TSE:FOOD) last issued its quarterly earnings data on Tuesday, April 21st. The company reported C($0.07) earnings per share (EPS) for the quarter. Goodfood Market had a positive return on equity of 45.86% and a negative net margin of 12.64%.The business had revenue of C$22.51 million during the quarter. On average, equities research analysts anticipate that Goodfood Market will post -0.24 EPS for the current year.

About Goodfood Market

Goodfood (TSX: FOOD) is a leading meal solutions brand in Canada, delivering fresh meals and add-ons that make it easy for customers from across Canada to enjoy delicious meals at home every day. The Goodfood mission is to create experiences that spark joy and help our community live longer on a healthier planet. Goodfood customers have access to uniquely fresh and delicious products, as well as exclusive pricing, made possible by its exceptional culinary team and direct-to-consumer infrastructures and technology.