SunOpta Inc. (NASDAQ:STKL - Get Free Report) TSE: SOY gapped down before the market opened on Thursday . The stock had previously closed at $7.39, but opened at $7.00. SunOpta shares last traded at $6.01, with a volume of 346,024 shares traded.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on STKL shares. StockNews.com upgraded shares of SunOpta from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Stephens reiterated an "overweight" rating and set a $10.00 price target on shares of SunOpta in a research report on Thursday, January 2nd.
Read Our Latest Report on SunOpta
SunOpta Price Performance
The stock has a market capitalization of $704.07 million, a P/E ratio of -32.66 and a beta of 1.79. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. The company has a fifty day simple moving average of $7.36 and a two-hundred day simple moving average of $6.98.
SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 EPS for the quarter, meeting analysts' consensus estimates of $0.06. The company had revenue of $193.91 million during the quarter, compared to analysts' expectations of $189.90 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. Sell-side analysts expect that SunOpta Inc. will post 0.13 EPS for the current fiscal year.
Hedge Funds Weigh In On SunOpta
Several institutional investors and hedge funds have recently modified their holdings of STKL. Quarry LP acquired a new position in shares of SunOpta in the 4th quarter valued at approximately $36,000. US Bancorp DE grew its position in shares of SunOpta by 139.3% in the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company's stock valued at $52,000 after purchasing an additional 4,772 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of SunOpta in the 3rd quarter valued at approximately $79,000. D.A. Davidson & CO. acquired a new position in shares of SunOpta in the 4th quarter valued at approximately $81,000. Finally, Paloma Partners Management Co acquired a new position in shares of SunOpta in the 3rd quarter valued at approximately $85,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.
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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