SunOpta (TSE:SOY) Stock Passes Below 200 Day Moving Average – Here’s Why

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.08 and traded as low as C$6.60. SunOpta shares last traded at C$6.70, with a volume of 151,366 shares changing hands.

SunOpta Price Performance

The stock’s 50 day moving average is C$5.63 and its two-hundred day moving average is C$7.08. The stock has a market capitalization of C$792.05 million, a PE ratio of 670.00, a price-to-earnings-growth ratio of 3.16 and a beta of 2.64. The company has a debt-to-equity ratio of 252.92, a current ratio of 1.20 and a quick ratio of 0.49.

SunOpta (TSE:SOY) (NASDAQ:STKL) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.05 EPS for the quarter. SunOpta had a negative net margin of 2.74% and a negative return on equity of 11.64%. The company had revenue of C$286.38 million during the quarter. As a group, sell-side analysts forecast that SunOpta Inc. will post 0.0729076 earnings per share for the current fiscal year.

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.