SunOpta (TSE:SOY) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of SunOpta Inc. (TSE:SOY) (NASDAQ:STKL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.07 and traded as high as C$8.86. SunOpta shares last traded at C$8.76, with a volume of 41,300 shares.

SunOpta Stock Up 0.9 %

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 cap of C$1.03 billion, a P/E ratio of -88.40, a price-to-earnings-growth ratio of 3.16 and a beta of 1.82. The company has a fifty day moving average of C$8.40 and a 200 day moving average of C$8.07.

SunOpta (TSE:SOY) (NASDAQ:STKL) last announced its quarterly earnings data 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. SunOpta had a negative return on equity of 2.92% and a negative net margin of 23.23%. The company had revenue of C$233.97 million for the quarter, compared to analysts’ expectations of C$209.61 million. On average, research analysts anticipate that SunOpta Inc. will post 0.0729076 earnings per share for the current fiscal 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.