Lassonde Industries (TSE:LAS.A) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of Lassonde Industries Inc (TSE:LAS.A) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$221.50 and traded as low as C$221.50. Lassonde Industries shares last traded at C$223.27, with a volume of 3,029 shares.

Analyst Ratings Changes

Separately, National Bank Financial upped their target price on Lassonde Industries from C$247.00 to C$258.00 and gave the company a “sector perform” rating in a research note on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$254.50.

Lassonde Industries Stock Up 0.1%

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 stock has a market cap of C$1.52 billion, a price-to-earnings ratio of 12.40 and a beta of -0.63. The firm’s 50-day moving average is C$227.13 and its 200 day moving average is C$221.53.

Lassonde Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 13th were issued a $1.25 dividend. The ex-dividend date was Friday, February 20th. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. Lassonde Industries’s dividend payout ratio (DPR) is presently 23.88%.

About Lassonde Industries

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.