Somewhat Positive Media Coverage Somewhat Unlikely to Affect SunOpta (STKL) Share Price

Media coverage about SunOpta (NASDAQ:STKL) (TSE:SOY) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SunOpta earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.0249341578067 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

SunOpta (NASDAQ:STKL) traded down $0.03 during mid-day trading on Tuesday, reaching $7.42. The company’s stock had a trading volume of 42,946 shares, compared to its average volume of 273,936. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The firm has a market cap of $642.36, a price-to-earnings ratio of -4.46 and a beta of 1.36. SunOpta has a 52 week low of $6.27 and a 52 week high of $10.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The company had revenue of $292.40 million during the quarter, compared to analyst estimates of $291.04 million. SunOpta had a negative net margin of 10.57% and a negative return on equity of 3.73%. SunOpta’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.08) EPS. equities analysts anticipate that SunOpta will post -0.01 earnings per share for the current fiscal year.

Several research firms recently issued reports on STKL. BidaskClub raised SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine lowered SunOpta from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Citigroup decreased their target price on SunOpta from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, November 20th. Finally, Zacks Investment Research raised SunOpta from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $9.17.

In related news, major shareholder Oaktree Huntington Investment purchased 644,540 shares of SunOpta stock in a transaction on Friday, December 15th. The shares were bought at an average price of $7.50 per share, with a total value of $4,834,050.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard Dean Hollis purchased 25,000 shares of SunOpta stock in a transaction on Thursday, March 1st. The stock was bought at an average cost of $7.02 per share, for a total transaction of $175,500.00. Following the transaction, the director now directly owns 102,391 shares in the company, valued at $718,784.82. The disclosure for this purchase can be found here. Insiders acquired a total of 673,040 shares of company stock worth $5,034,365 in the last ninety days. 1.88% of the stock is owned by corporate insiders.

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SunOpta Company Profile

Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.

Insider Buying and Selling by Quarter for SunOpta (NASDAQ:STKL)

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