Goodfood Market (TSE:FOOD) Insider Purchases C$17,000.00 in Stock

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

Phoenician Capital Llc also recently made the following trade(s):

• On Tuesday, December 23rd, Phoenician Capital Llc purchased 100,000 shares of Goodfood Market stock. The stock was acquired at an average price of C$0.32 per share, with a total value of C$32,000.00.

Goodfood Market Stock Down 1.7%

Goodfood Market stock opened at C$0.30 on Tuesday. Goodfood Market Corp. has a twelve month low of C$0.14 and a twelve month high of C$0.53. The stock’s fifty day simple moving average is C$0.29 and its 200-day simple 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. The firm has a market capitalization of C$29.16 million, a P/E ratio of -3.28 and a beta of 1.98.

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

Analyst Upgrades and Downgrades

Separately, Desjardins cut their target price on shares of Goodfood Market from C$0.30 to C$0.25 and set a “hold” rating on the stock in a research note on Friday, November 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Goodfood Market presently has a consensus rating of “Hold” and a consensus target price of C$0.23.

About Goodfood Market

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.