SunOpta, Inc. (TSE:SOY) (NASDAQ:STKL) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.24 and traded as high as $3.23. SunOpta shares last traded at $3.18, with a volume of 14,486 shares trading hands.
Separately, BMO Capital Markets reduced their price target on shares of SunOpta from C$6.00 to C$4.50 in a research report on Thursday, August 8th.
The company’s fifty day moving average is C$3.22 and its 200-day moving average is C$4.37. The company has a market capitalization of $294.60 million and a PE ratio of -3.19. The company has a debt-to-equity ratio of 224.81, a quick ratio of 0.35 and a current ratio of 1.30.
In other news, Senior Officer Geradus Joseph Maria Versteegh bought 25,000 shares of SunOpta stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of C$2.74 per share, with a total value of C$68,567.40. Following the acquisition, the insider now owns 160,889 shares of the company’s stock, valued at approximately C$441,269.62.
About SunOpta (TSE:SOY)
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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