Goodfood Market (TSE:FOOD) Director Acquires C$17,000.00 in Stock

Goodfood Market Corp. (TSE:FOOD) Director John Khabbaz acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The shares were bought at an average cost of C$0.34 per share, for a total transaction of C$17,000.00. Following the purchase, the director owned 7,950,000 shares of the company’s stock, valued at approximately C$2,703,000. The trade was a 0.63% increase in their ownership of the stock.

John Khabbaz also recently made the following trade(s):

• On Tuesday, December 23rd, John Khabbaz acquired 100,000 shares of Goodfood Market stock. The shares were bought at an average price of C$0.32 per share, with a total value of C$32,000.00.

Goodfood Market Price Performance

TSE:FOOD opened at C$0.30 on Tuesday. Goodfood Market Corp. has a 12-month low of C$0.14 and a 12-month high of C$0.53. The firm has a market cap of C$29.16 million, a price-to-earnings ratio of -3.28 and a beta of 1.98. The company’s 50-day moving average is C$0.29 and its two-hundred day moving average is C$0.26. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of -212.01.

Goodfood Market (TSE:FOOD) last issued its quarterly earnings results on Tuesday, January 20th. The company reported C($0.03) EPS for the quarter. The firm had revenue of C$27.54 million for the quarter. Goodfood Market had a positive return on equity of 12.53% and a negative net margin of 2.14%. Research analysts expect that Goodfood Market Corp. will post -0.24 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Desjardins lowered their price objective on Goodfood Market from C$0.30 to C$0.25 and set a “hold” rating for the company in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$0.23.

Goodfood Market Company Profile

Goodfood is a leading online grocery company in Canada, delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. Goodfood’s mission is to make the impossible come true, from farm to kitchen, by enabling members to complete their weekly meal planning and grocery shopping in minutes. Goodfood members have access to a unique selection of products and exclusive pricing made possible by its world class direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead.