Lassonde Industries (TSE:LAS.A) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Lassonde Industries Inc (TSE:LAS.AGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$223.12 and traded as low as C$209.25. Lassonde Industries shares last traded at C$209.25, with a volume of 1,904 shares changing hands.

Lassonde Industries Stock Performance

The stock has a market capitalization of C$1.50 billion, a price-to-earnings ratio of 9.27 and a beta of -0.16. The company’s 50-day simple moving average is C$216.72 and its 200-day simple moving average is C$223.17. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88.

Lassonde Industries (TSE:LAS.AGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$5.36 earnings per share for the quarter. The business had revenue of C$664.04 million during the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%. On average, analysts expect that Lassonde Industries Inc will post 18.9924731 EPS for the current year.

Lassonde Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, May 20th. Lassonde Industries’s dividend payout ratio (DPR) is currently 19.18%.

About Lassonde Industries

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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.

Further Reading

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