SunOpta (TSE:SOY) Trading Up 21.5%
SunOpta, Inc. (TSE:SOY) (NASDAQ:STKL)’s stock price was up 21.5% on Thursday . The company traded as high as C$3.25 and last traded at C$3.22, approximately 210,372 shares were traded during mid-day trading. An increase of 182% from the average daily volume of 74,589 shares. The stock had previously closed at C$2.65.
Separately, BMO Capital Markets lowered their price objective on shares of SunOpta from C$6.00 to C$4.50 in a research note on Thursday, August 8th.
The stock’s 50 day moving average is C$2.37 and its two-hundred day moving average is C$3.76. The company has a market capitalization of $219.85 million and a PE ratio of -3.21. The company has a quick ratio of 0.30, a current ratio of 1.23 and a debt-to-equity ratio of 249.92.
In other news, Senior Officer Geradus Joseph Maria Versteegh purchased 25,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of C$2.74 per share, with a total value of C$68,567.40. Following the completion of the transaction, the insider now owns 160,889 shares in the company, 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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