SunOpta (TSE:SOY) Hits New 52-Week High – Here’s Why

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$10.80 and last traded at C$10.69, with a volume of 12337 shares changing hands. The stock had previously closed at C$10.45.

SunOpta Stock Performance

The company has a quick ratio of 0.49, a current ratio of 1.27 and a debt-to-equity ratio of 244.95. The stock’s fifty day moving average is C$8.97 and its two-hundred day moving average is C$8.13. The firm has a market capitalization of C$1.25 billion, a price-to-earnings ratio of -104.50, a P/E/G ratio of 3.16 and a beta of 1.83.

SunOpta (TSE:SOY) (NASDAQ:STKL) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.03 earnings per share for the quarter, hitting the consensus estimate of C$0.03. SunOpta had a negative net margin of 23.23% and a negative return on equity of 2.92%. The company had revenue of C$240.40 million for the quarter, compared to analyst estimates of C$236.68 million. On average, analysts predict that SunOpta Inc. will post 0.0729076 earnings per share for the current year.

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.