SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
SunOpta Trading Up 0.9 %
Shares of STKL stock opened at $8.20 on Friday. The company has a 50 day moving average of $9.50 and a 200-day moving average of $9.23. The company has a quick ratio of 0.69, a current ratio of 2.02 and a debt-to-equity ratio of 0.90. SunOpta has a 12-month low of $4.22 and a 12-month high of $11.67. The firm has a market cap of $895.92 million, a P/E ratio of -82.00 and a beta of 1.47.
SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. SunOpta had a negative net margin of 0.94% and a positive return on equity of 1.90%. The company had revenue of $229.67 million during the quarter, compared to analyst estimates of $225.14 million. Sell-side analysts anticipate that SunOpta will post 0.05 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new position in SunOpta in the 3rd quarter valued at approximately $26,000. PNC Financial Services Group Inc. grew its stake in SunOpta by 81.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,200 shares of the company’s stock valued at $26,000 after buying an additional 2,338 shares in the last quarter. CWM LLC grew its stake in SunOpta by 200.0% in the 3rd quarter. CWM LLC now owns 3,000 shares of the company’s stock valued at $27,000 after buying an additional 2,000 shares in the last quarter. Mach 1 Financial Group LLC purchased a new position in SunOpta in the 3rd quarter valued at approximately $27,000. Finally, Nisa Investment Advisors LLC purchased a new position in SunOpta in the 2nd quarter valued at approximately $29,000. 74.11% of the stock is currently owned by hedge funds and other institutional investors.
SunOpta Company Profile
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.
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