ValuEngine lowered shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a buy rating to a hold rating in a report released on Wednesday morning.
STKL has been the topic of several other research reports. BidaskClub downgraded SunOpta from a sell rating to a strong sell rating in a report on Thursday, September 13th. Zacks Investment Research raised SunOpta from a sell rating to a hold rating in a report on Tuesday, September 11th.
NASDAQ:STKL traded down $0.21 during trading hours on Wednesday, hitting $5.24. 840,170 shares of the stock were exchanged, compared to its average volume of 514,521. SunOpta has a twelve month low of $5.00 and a twelve month high of $9.10. The company has a quick ratio of 0.40, a current ratio of 1.23 and a debt-to-equity ratio of 0.96.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). SunOpta had a negative return on equity of 7.52% and a negative net margin of 10.52%. The firm had revenue of $308.37 million for the quarter, compared to the consensus estimate of $317.80 million. Analysts forecast that SunOpta will post -0.18 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new position in shares of SunOpta in the 2nd quarter valued at $167,000. A.R.T. Advisors LLC acquired a new position in shares of SunOpta in the 1st quarter valued at $151,000. Janney Montgomery Scott LLC acquired a new position in shares of SunOpta in the 3rd quarter valued at $200,000. Shufro Rose & Co. LLC acquired a new position in shares of SunOpta in the 2nd quarter valued at $509,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of SunOpta in the 3rd quarter valued at $566,000. 79.35% of the stock is currently owned by institutional investors.
SunOpta Company Profile
SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, Mexico, and Ethiopia. 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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