SunOpta (TSE:SOY) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.25 and traded as low as C$6.33. SunOpta shares last traded at C$6.42, with a volume of 50,474 shares trading hands.

SunOpta Stock Up 0.3%

The company has a debt-to-equity ratio of 252.92, a quick ratio of 0.49 and a current ratio of 1.20. The firm has a market capitalization of C$780.23 million, a PE ratio of 660.00, a PEG ratio of 3.16 and a beta of 2.25. The company has a fifty day moving average price of C$5.36 and a 200-day moving average price of C$7.23.

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

About SunOpta

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.