Lassonde Industries (TSE:LAS.A) Stock Crosses Below Fifty Day Moving Average of $129.65

Lassonde Industries Inc (TSE:LAS.A – Get Rating)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$129.65 and traded as low as C$122.50. Lassonde Industries shares last traded at C$122.50, with a volume of 348 shares.

Separately, National Bankshares lowered their target price on Lassonde Industries from C$170.00 to C$169.00 and set an “outperform” rating for the company in a report on Monday, May 16th.

The company has a quick ratio of 0.50, a current ratio of 1.46 and a debt-to-equity ratio of 25.35. The firm has a market cap of C$843.07 million and a P/E ratio of 11.76. The business has a fifty day moving average of C$128.93 and a 200 day moving average of C$142.63.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 15th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, May 25th. Lassonde Industries’s payout ratio is currently 33.78%.

Lassonde Industries Company Profile (TSE:LAS.A)

Lassonde Industries Inc, together with its subsidiaries, develops, manufactures, and markets various ready-to-drink fruit and vegetable juices and drinks in Canada, the United States, and internationally. The company also offers cranberry sauces; and develops, manufactures, and markets specialty food products, including fondue broths and sauces, packaged corn-on-the-cob, and pasta sauces.

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