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Lassonde Industries (TSE:LAS.A) Stock Crosses Above Fifty Day Moving Average - Here's Why

Lassonde Industries logo with Consumer Defensive background

Shares of Lassonde Industries Inc (TSE:LAS.A - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$181.96 and traded as high as C$190.00. Lassonde Industries shares last traded at C$190.00, with a volume of 4,578 shares traded.

Analyst Ratings Changes

Separately, Stifel Nicolaus lifted their target price on shares of Lassonde Industries from C$220.00 to C$225.00 in a research note on Monday, November 11th.

Check Out Our Latest Analysis on Lassonde Industries

Lassonde Industries Trading Up 2.2 %

The stock has a market capitalization of C$598.65 million, a price-to-earnings ratio of 12.96 and a beta of -0.15. The company's 50 day moving average is C$182.71 and its 200 day moving average is C$177.09. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78.

About Lassonde Industries

(Get Free Report)

Lassonde Industries Inc, together with its subsidiaries, develops, manufactures, and markets various ready-to-drink fruit and vegetable juices and drinks in Canada, the United States, and internationally. The company also offers cranberry sauces; and develops, manufactures, and markets specialty food products, including fondue broths and sauces, packaged corn-on-the-cob, and pasta sauces.

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