SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) dropped 8.6% on Monday . The stock traded as low as $1.79 and last traded at $1.80, approximately 628,297 shares changed hands during trading. An increase of 39% from the average daily volume of 451,323 shares. The stock had previously closed at $1.97.
STKL has been the subject of several research analyst reports. Zacks Investment Research cut SunOpta from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. BidaskClub cut SunOpta from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. ValuEngine upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Citigroup set a $3.00 price target on SunOpta and gave the company a “buy” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $3.00.
The firm has a market cap of $172.99 million, a PE ratio of -6.43 and a beta of 0.74. The firm has a fifty day simple moving average of $2.26 and a two-hundred day simple moving average of $3.18. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.37 and a current ratio of 1.23.
SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $293.00 million for the quarter, compared to analysts’ expectations of $302.40 million. SunOpta had a negative net margin of 6.93% and a negative return on equity of 14.49%. Equities analysts forecast that SunOpta, Inc. will post -0.39 EPS for the current fiscal year.
In related news, CEO Joseph Ennen acquired 100,000 shares of the stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $2.25 per share, with a total value of $225,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Duchscher acquired 19,310 shares of the stock in a transaction dated Monday, August 19th. The stock was bought at an average cost of $2.23 per share, with a total value of $43,061.30. Following the completion of the purchase, the insider now directly owns 66,245 shares in the company, valued at $147,726.35. The disclosure for this purchase can be found here. Insiders have acquired a total of 294,670 shares of company stock valued at $639,810 in the last 90 days. 2.16% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of SunOpta by 53.9% in the 2nd quarter. Royal Bank of Canada now owns 13,387 shares of the company’s stock valued at $44,000 after purchasing an additional 4,686 shares during the last quarter. Aperio Group LLC lifted its stake in shares of SunOpta by 76.4% in the 2nd quarter. Aperio Group LLC now owns 25,630 shares of the company’s stock valued at $84,000 after purchasing an additional 11,097 shares during the last quarter. Atria Investments LLC lifted its stake in shares of SunOpta by 37.8% in the 2nd quarter. Atria Investments LLC now owns 76,222 shares of the company’s stock valued at $157,000 after purchasing an additional 20,915 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of SunOpta in the 2nd quarter valued at approximately $158,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of SunOpta by 64.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 57,621 shares of the company’s stock valued at $184,000 after purchasing an additional 22,498 shares during the last quarter. 77.41% of the stock is owned by institutional investors and hedge funds.
SunOpta Company Profile (NASDAQ:STKL)
SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.
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