Lassonde Industries (TSE:LAS.A) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Lassonde Industries Inc (TSE:LAS.A)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$219.97 and traded as high as C$219.97. Lassonde Industries shares last traded at C$217.20, with a volume of 391 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LAS.A. National Bankshares set a C$237.00 price objective on shares of Lassonde Industries and gave the stock a “sector perform” rating in a research note on Thursday, October 16th. Stifel Nicolaus raised their target price on Lassonde Industries from C$255.00 to C$265.00 in a research note on Monday, November 10th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lassonde Industries currently has a consensus rating of “Moderate Buy” and an average target price of C$249.25.

Lassonde Industries Price Performance

The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88. The stock’s 50 day moving average price is C$219.97 and its two-hundred day moving average price is C$217.54. The stock has a market cap of C$1.48 billion, a price-to-earnings ratio of 12.06 and a beta of -0.57.

Lassonde Industries (TSE:LAS.A) last posted its earnings results on Thursday, November 6th. The company reported C$5.40 earnings per share (EPS) for the quarter. The company had revenue of C$723.85 million during the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. Equities research analysts forecast that Lassonde Industries Inc will post 18.9924731 EPS for the current fiscal year.

Lassonde Industries Company Profile

Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store brand shelf-stable fruit juices and drinks in the United States and a major producer of cranberry sauces. The company operates through a single segment being the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin.