StockNews.com upgraded shares of SunOpta (NASDAQ:STKL - Free Report) TSE: SOY from a sell rating to a hold rating in a research report sent to investors on Thursday morning.
SunOpta Stock Up 2.3 %
NASDAQ STKL traded up $0.14 on Thursday, hitting $6.36. 619,582 shares of the stock were exchanged, compared to its average volume of 806,597. SunOpta has a fifty-two week low of $2.79 and a fifty-two week high of $7.59. The company has a 50-day moving average price of $6.13 and a 200-day moving average price of $5.90. The company has a market cap of $759.00 million, a PE ratio of -4.18 and a beta of 1.83. The company has a quick ratio of 0.61, a current ratio of 1.27 and a debt-to-equity ratio of 1.67.
SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its earnings results on Wednesday, August 7th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $171.00 million for the quarter, compared to analyst estimates of $159.95 million. SunOpta had a positive return on equity of 6.51% and a negative net margin of 23.23%. SunOpta's revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) earnings per share. Sell-side analysts anticipate that SunOpta will post 0.14 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. acquired a new position in SunOpta during the second quarter worth approximately $42,000. Ballentine Partners LLC acquired a new position in shares of SunOpta in the 2nd quarter valued at $60,000. MQS Management LLC purchased a new stake in SunOpta in the 2nd quarter valued at $63,000. Principal Financial Group Inc. boosted its stake in SunOpta by 18.2% during the 1st quarter. Principal Financial Group Inc. now owns 12,425 shares of the company's stock worth $85,000 after purchasing an additional 1,917 shares during the period. Finally, Tealwood Asset Management Inc. purchased a new position in SunOpta during the 3rd quarter worth $80,000. 85.39% of the stock is owned by hedge funds and other institutional investors.
SunOpta Company Profile
(
Get Free Report)
SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.
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