Very Good Food (NASDAQ:VGFC) Shares Down 17.8%

Shares of The Very Good Food Company Inc. (NASDAQ:VGFCGet Rating) fell 17.8% during trading on Tuesday . The stock traded as low as $0.13 and last traded at $0.14. 2,664,815 shares traded hands during mid-day trading, an increase of 221% from the average session volume of 830,564 shares. The stock had previously closed at $0.16.

The firm’s fifty day moving average price is $0.33 and its 200 day moving average price is $0.63. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 2.08.

Very Good Food (NASDAQ:VGFCGet Rating) last released its earnings results on Thursday, March 31st. The company reported ($0.13) EPS for the quarter. The firm had revenue of $3.41 million for the quarter.

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new stake in Very Good Food during the fourth quarter valued at $31,000. Harbor Advisors LLC purchased a new stake in Very Good Food during the fourth quarter valued at $72,000. Toronto Dominion Bank purchased a new stake in shares of Very Good Food in the fourth quarter valued at $76,000. Virtu Financial LLC purchased a new stake in shares of Very Good Food in the fourth quarter valued at $112,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Very Good Food in the fourth quarter valued at $160,000.

Very Good Food Company Profile (NASDAQ:VGFC)

The Very Good Food Company Inc, together with its subsidiaries, designs, develops, produces, distributes, and sells various plant-based cheese, meats, and other food alternatives. The company offers its products through its wholesale and e-commerce stores, and public markets, as well as the Butcher Shop & Restaurant under The Very Good Butchers brand.

Further Reading

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