SunOpta (TSE:SOY) Share Price Passes Below 200 Day Moving Average of $11.24

SunOpta Inc. (TSE:SOY – Get Rating) (NASDAQ:STKL)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.24 and traded as low as C$10.22. SunOpta shares last traded at C$10.31, with a volume of 27,948 shares changing hands.

SunOpta Price Performance

The stock has a market capitalization of C$1.19 billion, a P/E ratio of -68.73, a price-to-earnings-growth ratio of 3.16 and a beta of 1.48. The business’s 50 day simple moving average is C$10.70 and its two-hundred day simple moving average is C$11.24. The company has a quick ratio of 0.49, a current ratio of 1.75 and a debt-to-equity ratio of 122.64.

SunOpta (TSE:SOY – Get Rating) (NASDAQ:STKL) last released its quarterly earnings results on Wednesday, March 1st. The company reported C($0.03) earnings per share for the quarter. SunOpta had a negative net margin of 0.88% and a negative return on equity of 2.68%. The firm had revenue of C$300.45 million for the quarter, compared to the consensus estimate of C$291.15 million. As a group, sell-side analysts forecast that SunOpta Inc. will post 0.0742314 earnings per share for the current fiscal year.

About SunOpta

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SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.