Insider Buying: Goodfood Market (TSE:FOOD) Insider Acquires C$32,000.00 in Stock

Goodfood Market Corp. (TSE:FOOD) insider Phoenician Capital Llc acquired 100,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was acquired at an average price of C$0.32 per share, with a total value of C$32,000.00. Following the purchase, the insider directly owned 7,900,000 shares in the company, valued at approximately C$2,528,000. This represents a 1.28% increase in their ownership of the stock.

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

• On Wednesday, December 24th, Phoenician Capital Llc bought 50,000 shares of Goodfood Market stock. The shares were acquired at an average price of C$0.34 per share, for a total transaction of C$17,000.00.

Goodfood Market Stock Down 1.7%

Shares of FOOD opened at C$0.30 on Tuesday. 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 Corp. has a 12 month low of C$0.14 and a 12 month high of C$0.53. The firm’s 50 day moving average is C$0.29 and its 200-day moving average is C$0.26. The stock has a market capitalization of C$29.16 million, a PE ratio of -3.28 and a beta of 1.98.

Goodfood Market (TSE:FOOD) last issued its quarterly 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. Equities research analysts forecast that Goodfood Market Corp. will post -0.24 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Desjardins dropped their price target on Goodfood Market from C$0.30 to C$0.25 and set a “hold” rating for the company in a research note on Friday, November 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average 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.