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

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$7.16 and traded as low as C$6.40. SunOpta shares last traded at C$6.47, with a volume of 65,039 shares.

SunOpta Stock Performance

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 stock has a market cap of C$764.86 million, a price-to-earnings ratio of 647.00, a PEG ratio of 3.16 and a beta of 2.25. The stock’s fifty day moving average is C$5.45 and its 200-day moving average is C$7.16.

SunOpta (TSE:SOY) (NASDAQ:STKL) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.05 earnings per share for the quarter. SunOpta had a negative net margin of 2.74% and a negative return on equity of 11.64%. The company had revenue of C$286.38 million for the quarter. On average, analysts forecast that SunOpta Inc. will post 0.0729076 EPS for the current 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.