Lassonde Industries (TSE:LAS.A) Shares Down 0.6% – Here’s What Happened

Lassonde Industries Inc (TSE:LAS.A) shares were down 0.6% during mid-day trading on Tuesday . The stock traded as low as C$176.70 and last traded at C$178.00. Approximately 1,523 shares traded hands during trading, a decline of 20% from the average daily volume of 1,893 shares. The stock had previously closed at C$179.00.

Analysts Set New Price Targets

Separately, Stifel Nicolaus boosted their target price on shares of Lassonde Industries from C$220.00 to C$225.00 in a research note on Monday, November 11th.

Lassonde Industries Price Performance

The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55. The company has a fifty day moving average price of C$176.96 and a 200 day moving average price of C$165.40. The company has a market capitalization of C$546.46 million, a P/E ratio of 11.83 and a beta of -0.15.

About Lassonde Industries

Lassonde Industries Inc, together with its subsidiaries, develops, manufactures, and markets various ready-to-drink fruit and vegetable juices and drinks in Canada, the United States, and internationally. The company also offers cranberry sauces; and develops, manufactures, and markets specialty food products, including fondue broths and sauces, packaged corn-on-the-cob, and pasta sauces.