Lassonde Industries (TSE:LAS.A) Trading Down 0.6% - Here's Why

Lassonde Industries Inc (TSE:LAS.A - Get Free Report)'s share price traded down 0.6% during trading on Tuesday . The company traded as low as C$176.70 and last traded at C$178.00. 1,523 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 1,893 shares. The stock had previously closed at C$179.00.

Wall Street Analysts Forecast Growth

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

Lassonde Industries Stock Performance

The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88. The company has a market cap of C$549.47 million, a PE ratio of 11.83 and a beta of -0.15. The stock's 50 day simple moving average is C$176.96 and its two-hundred day simple moving average is C$165.40.

About Lassonde Industries

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.