SunOpta (NASDAQ:STKL – Get Free Report) (TSE:SOY) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.
SunOpta Stock Up 2.6 %
Shares of STKL opened at $6.41 on Wednesday. The company’s 50-day moving average price is $5.69 and its 200 day moving average price is $5.93. SunOpta has a 12-month low of $2.79 and a 12-month high of $7.59. The company has a current ratio of 1.27, a quick ratio of 0.61 and a debt-to-equity ratio of 1.67. The firm has a market cap of $764.96 million, a P/E ratio of -4.22 and a beta of 1.82.
SunOpta (NASDAQ:STKL – Get Free Report) (TSE:SOY) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $171.00 million for the quarter, compared to the consensus estimate of $159.95 million. SunOpta had a negative net margin of 23.23% and a positive return on equity of 6.51%. The business’s revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) EPS. On average, sell-side analysts forecast that SunOpta will post 0.14 earnings per share for the current year.
Institutional Inflows and Outflows
SunOpta Company Profile
SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.
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