Goodfood Market (TSE:FOOD) Trading Down 20.9% – Should You Sell?

Goodfood Market Corp. (TSE:FOOD)’s share price traded down 20.9% on Tuesday . The stock traded as low as C$0.16 and last traded at C$0.17. 527,751 shares traded hands during trading, an increase of 471% from the average session volume of 92,489 shares. The stock had previously closed at C$0.22.

Goodfood Market Trading Down 20.9%

The firm has a market capitalization of C$16.80 million, a price-to-earnings ratio of -1.70 and a beta of 1.89. The company has a fifty day moving average price of C$0.23 and a two-hundred day moving average price of C$0.27. The company has a current ratio of 1.12, a quick ratio of 0.77 and a debt-to-equity ratio of -197.23.

Goodfood Market (TSE:FOOD) last issued its earnings results on Tuesday, April 21st. The company reported C($0.07) earnings per share for the quarter. The company had revenue of C$22.51 million for the quarter. Goodfood Market had a positive return on equity of 32.72% and a negative net margin of 7.90%. As a group, research analysts forecast that Goodfood Market Corp. will post -0.24 earnings per share for the current fiscal 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.