Lassonde Industries (TSE:LAS.A) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Lassonde Industries Inc (TSE:LAS.A)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$214.57 and traded as high as C$225.00. Lassonde Industries shares last traded at C$221.00, with a volume of 2,858 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LAS.A. Desjardins raised Lassonde Industries from a “hold” rating to a “buy” rating and boosted their target price for the company from C$205.00 to C$255.00 in a report on Monday, March 31st. Stifel Nicolaus boosted their target price on Lassonde Industries from C$243.00 to C$250.00 in a report on Monday, May 12th. National Bankshares boosted their target price on Lassonde Industries from C$213.00 to C$223.00 and gave the company a “sector perform” rating in a report on Monday, March 31st. Finally, Canaccord Genuity Group boosted their target price on Lassonde Industries from C$225.00 to C$240.00 and gave the company a “buy” rating in a report on Monday, March 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$229.60.

Lassonde Industries Price Performance

The company has a 50 day moving average price of C$214.57 and a 200 day moving average price of C$196.60. The firm has a market cap of C$678.47 million, a PE ratio of 14.68 and a beta of -0.15. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88.

Lassonde Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, June 13th were paid a dividend of $1.10 per share. This is a positive change from Lassonde Industries’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $4.40 annualized dividend and a dividend yield of 1.99%. Lassonde Industries’s payout ratio is 26.58%.

Lassonde Industries Company Profile

Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store brand shelf-stable fruit juices and drinks in the United States and a major producer of cranberry sauces. The company operates through a single segment being the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin.