SunOpta (NASDAQ:STKL) Stock Price Up 11.9%

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY)’s stock price was up 11.9% during trading on Monday . The stock traded as high as $6.28 and last traded at $6.28. Approximately 122,197 shares traded hands during trading, a decline of 84% from the average daily volume of 770,679 shares. The stock had previously closed at $5.61.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, SunOpta currently has an average rating of “Moderate Buy” and an average price target of $9.25.

SunOpta Stock Performance

The company has a quick ratio of 0.61, a current ratio of 1.27 and a debt-to-equity ratio of 1.67. The stock’s fifty day moving average is $5.65 and its two-hundred day moving average is $5.93. The firm has a market capitalization of $751.21 million, a price-to-earnings ratio of -4.14 and a beta of 1.82.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. SunOpta had a negative net margin of 23.23% and a positive return on equity of 6.51%. The company had revenue of $171.00 million for the quarter, compared to analyst estimates of $159.95 million. During the same period in the previous year, the business earned ($0.03) EPS. SunOpta’s revenue for the quarter was down 17.7% compared to the same quarter last year. On average, analysts predict that SunOpta Inc. will post 0.14 earnings per share for the current year.

Institutional Trading of SunOpta

A number of hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. bought a new stake in SunOpta in the 2nd quarter valued at $42,000. Ballentine Partners LLC acquired a new stake in shares of SunOpta during the 2nd quarter worth about $60,000. MQS Management LLC bought a new stake in shares of SunOpta during the 2nd quarter worth about $63,000. NBC Securities Inc. acquired a new position in SunOpta in the 4th quarter valued at about $65,000. Finally, Johnson Investment Counsel Inc. bought a new position in SunOpta in the 4th quarter valued at about $71,000. 85.39% of the stock is owned by institutional investors and hedge funds.

About SunOpta

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.