SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) shares saw strong trading volume on Wednesday . 1,244,867 shares were traded during trading, an increase of 348% from the previous session’s volume of 277,744 shares.The stock last traded at $7.55 and had previously closed at $7.40.
Several analysts recently commented on the company. BidaskClub lowered SunOpta from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Zacks Investment Research lowered SunOpta from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. Finally, Citigroup raised their target price on SunOpta from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th.
The firm has a market capitalization of $666.79 million, a P/E ratio of -52.32 and a beta of 1.41. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.23 and a quick ratio of 0.40.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Wednesday, August 8th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $319.31 million for the quarter, compared to analyst estimates of $319.10 million. SunOpta had a negative return on equity of 6.70% and a negative net margin of 10.53%. research analysts predict that SunOpta, Inc. will post -0.18 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of STKL. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in SunOpta by 2.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,666,347 shares of the company’s stock worth $11,851,000 after purchasing an additional 38,478 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in SunOpta during the first quarter worth approximately $1,065,000. Centaurus Financial Inc. boosted its position in SunOpta by 13.3% during the first quarter. Centaurus Financial Inc. now owns 390,604 shares of the company’s stock worth $2,773,000 after purchasing an additional 45,748 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in SunOpta by 4.1% during the first quarter. Loomis Sayles & Co. L P now owns 1,019,526 shares of the company’s stock worth $7,239,000 after purchasing an additional 40,470 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in SunOpta during the first quarter worth approximately $151,000. Institutional investors own 79.52% of the company’s stock.
About SunOpta (NASDAQ:STKL)
SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, Mexico, and Ethiopia. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.
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