SunOpta (NASDAQ:STKL) Stock Price Up 0.4%

SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY)’s stock price rose 0.4% during trading on Monday . The company traded as high as $2.65 and last traded at $2.59, approximately 34,813 shares were traded during trading. A decline of 93% from the average daily volume of 483,702 shares. The stock had previously closed at $2.58.

STKL has been the subject of a number of recent research reports. Citigroup set a $3.00 price objective on SunOpta and gave the company a “buy” rating in a research report on Monday, August 12th. ValuEngine upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Zacks Investment Research upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th.

The business has a 50-day moving average price of $1.81 and a 200 day moving average price of $2.83. The company has a current ratio of 1.23, a quick ratio of 0.37 and a debt-to-equity ratio of 1.94. The company has a market cap of $177.58 million, a price-to-earnings ratio of -9.46 and a beta of 0.67.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, November 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). SunOpta had a negative net margin of 6.93% and a negative return on equity of 14.49%. The company had revenue of $295.94 million for the quarter, compared to the consensus estimate of $299.10 million. On average, analysts anticipate that SunOpta, Inc. will post -0.39 earnings per share for the current year.

In other news, SVP Geradus Joseph Maria Versteegh bought 100,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of $2.15 per share, with a total value of $215,000.00. Following the purchase, the senior vice president now directly owns 185,889 shares in the company, valued at $399,661.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert Duchscher bought 19,310 shares of the business’s stock in a transaction on Monday, August 19th. The shares were purchased at an average cost of $2.23 per share, for a total transaction of $43,061.30. Following the completion of the purchase, the insider now owns 66,245 shares in the company, valued at $147,726.35. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 184,910 shares of company stock worth $377,799. Company insiders own 1.75% of the company’s stock.

A number of large investors have recently made changes to their positions in STKL. Royal Bank of Canada raised its stake in SunOpta by 53.9% during the 2nd quarter. Royal Bank of Canada now owns 13,387 shares of the company’s stock valued at $44,000 after purchasing an additional 4,686 shares during the period. Aperio Group LLC raised its stake in SunOpta by 76.4% during the 2nd quarter. Aperio Group LLC now owns 25,630 shares of the company’s stock valued at $84,000 after purchasing an additional 11,097 shares during the period. Hollencrest Capital Management raised its stake in SunOpta by 188.0% during the 3rd quarter. Hollencrest Capital Management now owns 72,000 shares of the company’s stock valued at $130,000 after purchasing an additional 47,000 shares during the period. BBVA USA Bancshares Inc. acquired a new stake in SunOpta during the 3rd quarter valued at $152,000. Finally, Atria Investments LLC raised its stake in SunOpta by 37.8% during the 2nd quarter. Atria Investments LLC now owns 76,222 shares of the company’s stock valued at $157,000 after purchasing an additional 20,915 shares during the period. 75.75% of the stock is currently owned by institutional investors.

About SunOpta (NASDAQ:STKL)

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

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