Lassonde Industries (TSE:LAS.A) Reaches New 1-Year Low at $119.01

Lassonde Industries Inc (TSE:LAS.AGet Rating)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$119.01 and last traded at C$120.20, with a volume of 403 shares changing hands. The stock had previously closed at C$120.99.

Separately, National Bankshares reduced their price objective on Lassonde Industries from C$170.00 to C$169.00 and set an “outperform” rating on the stock in a report on Monday, May 16th.

The firm has a market capitalization of C$833.69 million and a price-to-earnings ratio of 11.61. The company has a fifty day moving average price of C$138.39 and a two-hundred day moving average price of C$148.35. The company has a current ratio of 1.46, a quick ratio of 0.50 and a debt-to-equity ratio of 25.35.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, May 25th. Lassonde Industries’s dividend payout ratio is currently 33.78%.

About Lassonde Industries (TSE:LAS.A)

Lassonde Industries Inc, together with its subsidiaries, develops, manufactures, and markets various ready-to-drink fruit and vegetable juices and drinks in Canada, the United States, and internationally. The company also offers cranberry sauces; and develops, manufactures, and markets specialty food products, including fondue broths and sauces, packaged corn-on-the-cob, and pasta sauces.

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