Lassonde Industries (TSE:LAS.A) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Lassonde Industries Inc (TSE:LAS.A) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$221.50 and traded as low as C$221.50. Lassonde Industries shares last traded at C$223.27, with a volume of 3,029 shares changing hands.

Analyst Ratings Changes

Separately, National Bank Financial raised their price objective on shares of Lassonde Industries from C$247.00 to C$258.00 and gave the stock a “sector perform” rating in a research report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$254.50.

Lassonde Industries Stock Up 0.1%

The stock has a market capitalization of C$1.52 billion, a price-to-earnings ratio of 12.40 and a beta of -0.63. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88. The firm has a 50-day moving average of C$227.13 and a 200 day moving average of C$221.50.

Lassonde Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, February 20th. Lassonde Industries’s dividend payout ratio (DPR) is 23.88%.

About Lassonde Industries

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.