SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) CFO Scott E. Huckins bought 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average cost of $2.48 per share, for a total transaction of $71,920.00. Following the completion of the acquisition, the chief financial officer now directly owns 110,500 shares in the company, valued at approximately $274,040. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
STKL traded up $0.06 during trading on Thursday, hitting $2.57. The stock had a trading volume of 332,200 shares, compared to its average volume of 483,317. The company has a 50 day moving average price of $1.83 and a 200-day moving average price of $2.81. The firm has a market cap of $233.21 million, a price-to-earnings ratio of -9.18 and a beta of 0.67. SunOpta, Inc. has a one year low of $1.30 and a one year high of $5.05. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.21 and a quick ratio of 0.40.
SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.11). The business had revenue of $295.94 million during the quarter, compared to the consensus estimate of $299.10 million. SunOpta had a negative return on equity of 21.16% and a negative net margin of 7.59%. As a group, sell-side analysts predict that SunOpta, Inc. will post -0.39 EPS for the current fiscal year.
A number of research analysts recently weighed in on STKL shares. ValuEngine raised SunOpta from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Zacks Investment Research raised SunOpta from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Citigroup set a $3.00 price target on SunOpta and gave the company a “buy” rating in a research note on Monday, August 12th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ardsley Advisory Partners LP boosted its stake in SunOpta by 16.5% in the 2nd quarter. Ardsley Advisory Partners LP now owns 8,425,138 shares of the company’s stock valued at $27,719,000 after purchasing an additional 1,193,708 shares during the period. Aperio Group LLC boosted its stake in SunOpta by 76.4% in 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. GSA Capital Partners LLP bought a new stake in SunOpta in the 2nd quarter valued at $158,000. OneAscent Financial Services LLC bought a new stake in SunOpta in the 2nd quarter valued at $221,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in SunOpta by 16.8% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 94,500 shares of the company’s stock valued at $311,000 after purchasing an additional 13,600 shares during the period. Institutional investors and hedge funds own 75.02% of the company’s stock.
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, 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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