SunOpta (TSE:SOY) Stock Passes Above 200-Day Moving Average – Here’s What Happened

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.05 and traded as high as C$8.50. SunOpta shares last traded at C$8.31, with a volume of 22,395 shares traded.

SunOpta Stock Down 2.0 %

The firm has a market cap of C$970.94 million, a price-to-earnings ratio of -83.10, a P/E/G ratio of 3.16 and a beta of 1.83. The company has a current ratio of 1.27, a quick ratio of 0.49 and a debt-to-equity ratio of 244.95. The firm has a 50 day moving average price of C$8.49 and a 200-day moving average price of C$8.05.

SunOpta (TSE:SOY) (NASDAQ:STKL) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.01 by C$0.03. The business had revenue of C$233.97 million during the quarter, compared to the consensus estimate of C$209.61 million. SunOpta had a negative return on equity of 2.92% and a negative net margin of 23.23%. On average, equities analysts forecast that SunOpta Inc. will post 0.0729076 EPS for the current year.

SunOpta Company Profile

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.