SunOpta (TSE:SOY) Lowered to Hold Rating by William Blair

SunOpta (TSE:SOY) (NASDAQ:STKL) was downgraded by equities research analysts at William Blair from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

SunOpta Trading Up 31.4%

Shares of SOY stock opened at C$8.74 on Friday. SunOpta has a twelve month low of C$4.69 and a twelve month high of C$10.87. The stock’s fifty day simple moving average is C$5.73 and its 200 day simple moving average is C$7.08. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 252.92. The firm has a market capitalization of C$1.03 billion, a P/E ratio of 874.00, a P/E/G ratio of 3.16 and a beta of 2.64.

SunOpta (TSE:SOY) (NASDAQ:STKL) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.05 earnings per share (EPS) for the quarter. SunOpta had a negative return on equity of 11.64% and a negative net margin of 2.74%.The company had revenue of C$286.38 million during the quarter. As a group, sell-side analysts predict that SunOpta will post 0.0729076 EPS for the current fiscal 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.