Lassonde Industries (TSE:LAS.A) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Lassonde Industries Inc (TSE:LAS.AGet Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$221.32 and traded as high as C$224.88. Lassonde Industries shares last traded at C$223.92, with a volume of 1,393 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. National Bankshares set a C$237.00 price target on Lassonde Industries and gave the company a “sector perform” rating in a research report on Thursday, October 16th. Stifel Nicolaus upped their target price on shares of Lassonde Industries from C$255.00 to C$265.00 in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Lassonde Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of C$249.25.

Read Our Latest Stock Analysis on Lassonde Industries

Lassonde Industries Stock Up 0.4%

The stock has a fifty day moving average of C$221.32 and a 200 day moving average of C$217.89. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55. The firm has a market capitalization of C$1.53 billion, a P/E ratio of 12.43 and a beta of -0.61.

Lassonde Industries (TSE:LAS.AGet Free Report) last announced its earnings results on Thursday, November 6th. The company reported C$5.40 earnings per share (EPS) for the quarter. The firm had revenue of C$723.85 million during the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%. On average, research analysts anticipate that Lassonde Industries Inc will post 18.9924731 EPS for the current fiscal year.

Lassonde Industries Company Profile

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Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store brand shelf-stable fruit juices and drinks in the United States and a major producer of cranberry sauces. The company operates through a single segment being the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin.

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