SunOpta (NASDAQ:STKL) Reaches New 1-Year Low - What's Next?

Shares of SunOpta Inc. (NASDAQ:STKL - Get Free Report) TSE: SOY reached a new 52-week low during trading on Friday . The stock traded as low as $4.86 and last traded at $4.90, with a volume of 307174 shares. The stock had previously closed at $5.03.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on STKL shares. Stephens restated an "overweight" rating and issued a $10.00 price objective on shares of SunOpta in a report on Thursday, January 2nd. StockNews.com upgraded SunOpta from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th.

SunOpta Stock Performance

The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The stock's 50 day moving average is $6.50 and its 200-day moving average is $6.88. The company has a market capitalization of $582.01 million, a P/E ratio of -27.00 and a beta of 1.90.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $193.91 million during the quarter, compared to analyst estimates of $189.90 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. As a group, equities research analysts anticipate that SunOpta Inc. will post 0.13 earnings per share for the current year.

Remove Ads

Insider Transactions at SunOpta

In related news, SVP Bryan P. Clark sold 8,500 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the sale, the senior vice president now owns 28,150 shares of the company's stock, valued at $149,758. The trade was a 23.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.48% of the company's stock.

Hedge Funds Weigh In On SunOpta

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC purchased a new stake in shares of SunOpta in the 3rd quarter worth approximately $184,000. Charles Schwab Investment Management Inc. grew its stake in shares of SunOpta by 250.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company's stock worth $4,848,000 after acquiring an additional 542,832 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of SunOpta by 33.8% during the third quarter. BNP Paribas Financial Markets now owns 45,627 shares of the company's stock valued at $291,000 after acquiring an additional 11,518 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of SunOpta by 16.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company's stock worth $35,122,000 after purchasing an additional 782,338 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in SunOpta in the 3rd quarter worth about $164,000. Institutional investors own 85.39% of the company's stock.

SunOpta Company Profile

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.