SunOpta (TSE:SOY) Share Price Crosses Above 200-Day Moving Average – What’s Next?

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.13 and traded as high as C$8.87. SunOpta shares last traded at C$8.81, with a volume of 214,293 shares trading hands.

Analyst Ratings Changes

Separately, William Blair downgraded SunOpta from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

SunOpta Price Performance

The firm’s 50-day moving average is C$7.51 and its 200-day moving average is C$7.13. The company has a market capitalization of C$1.04 billion, a P/E ratio of 67.77, a price-to-earnings-growth ratio of 3.16 and a beta of 3.01. The company has a debt-to-equity ratio of 200.06, a current ratio of 1.18 and a quick ratio of 0.49.

SunOpta Company Profile

SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. The company’s operating segment includes Plant-Based Foods and Beverages and Fruit-Based Foods and Beverages. It generates maximum revenue from the Plant-Based Foods and Beverages segment. Plant-Based Foods and Beverages include plant-based beverages and liquid and dry ingredients (utilizing almond, soy) as well as broths, teas, and nutritional beverages. Fruit-Based Foods and Beverages include individually quick frozen(IQF) fruit for retail(including strawberries, mango), IQF and bulk frozen fruit for foodservice (including purees, fruit cups, and smoothies), and custom fruit preparations for industrial use.