Goodfood Market (TSE:FOOD) Shares Up 1.6% – Time to Buy?

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

Analyst Upgrades and Downgrades

Separately, Desjardins decreased their price objective on shares of Goodfood Market from C$0.65 to C$0.60 and set a “hold” rating for the company in a research report on Thursday, January 30th.

Goodfood Market Stock Up 1.6 %

The firm has a market capitalization of C$23.62 million, a price-to-earnings ratio of -7.44 and a beta of -0.34. The company has a quick ratio of 0.77, a current ratio of 0.98 and a debt-to-equity ratio of -212.01. The company’s 50 day moving average price is C$0.40 and its 200 day moving average price is C$0.37.

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.