SunOpta (TSE:SOY) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.18 and traded as high as C$8.88. SunOpta shares last traded at C$8.87, with a volume of 7,160 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, William Blair downgraded SunOpta from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, SunOpta presently has a consensus rating of “Hold”.

SunOpta Stock Down 0.6%

The business has a 50-day simple moving average of C$8.86 and a 200-day simple moving average of C$7.17. The company has a market cap of C$1.05 billion, a price-to-earnings ratio of 68.23, a price-to-earnings-growth ratio of 3.16 and a beta of 2.48. The company has a debt-to-equity ratio of 200.06, a quick ratio of 0.49 and a current ratio of 1.18.

SunOpta (TSE:SOY) (NASDAQ:STKL) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C$0.07 EPS for the quarter. The company had revenue of C$288.79 million during the quarter. SunOpta had a net margin of 1.93% and a return on equity of 9.29%. On average, equities analysts anticipate that SunOpta Inc. will post 0.0729076 earnings per share for the current fiscal year.

SunOpta Company Profile

SunOpta (Nasdaq: STKL) (TSX: SOY) delivers customized supply chain solutions and innovation for top brands, retailers and foodservice providers across a broad portfolio of beverages, broths and better-for-you snacks. With over 50 years of expertise, SunOpta fuels customers’ growth with high-quality, sustainability-forward solutions distributed through retail, club, foodservice and e-commerce channels across North America.