SunOpta (TSE:SOY) Stock Crosses Below 200 Day Moving Average – Time to Sell?

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.77 and traded as low as C$8.08. SunOpta shares last traded at C$8.09, with a volume of 34,400 shares changing hands.

SunOpta Price Performance

The company has a debt-to-equity ratio of 252.92, a current ratio of 1.20 and a quick ratio of 0.49. The company’s 50-day simple moving average is C$10.33 and its 200-day simple moving average is C$9.77. The company has a market cap of C$674.47 million, a price-to-earnings ratio of -36.97, a P/E/G ratio of 3.16 and a beta of 1.83.

About SunOpta

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.