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

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.60 and traded as high as C$11.26. SunOpta shares last traded at C$11.20, with a volume of 18,391 shares trading hands.

SunOpta Price Performance

The business’s 50-day moving average price is C$9.86 and its 200 day moving average price is C$8.60. The company has a quick ratio of 0.49, a current ratio of 1.27 and a debt-to-equity ratio of 244.95. The company has a market capitalization of C$1.31 billion, a P/E ratio of -112.00, a price-to-earnings-growth ratio of 3.16 and a beta of 1.83.

SunOpta (TSE:SOY) (NASDAQ:STKL) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.03. The business had revenue of C$240.40 million during the quarter, compared to analyst estimates of C$236.68 million. SunOpta had a negative net margin of 23.23% and a negative return on equity of 2.92%. Analysts anticipate that SunOpta Inc. will post 0.0729076 EPS for the current fiscal year.

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.