SunOpta (TSE:SOY) Reaches New 12-Month High – What’s Next?

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL)’s share price reached a new 52-week high on Monday . The stock traded as high as C$11.39 and last traded at C$11.30, with a volume of 6142 shares changing hands. The stock had previously closed at C$11.08.

SunOpta Stock Performance

The company’s fifty day simple moving average is C$10.09 and its two-hundred day simple moving average is C$8.70. The company has a debt-to-equity ratio of 244.95, a quick ratio of 0.49 and a current ratio of 1.27. The stock has a market capitalization of C$1.31 billion, a P/E ratio of -112.10, a PEG ratio of 3.16 and a beta of 1.83.

SunOpta (TSE:SOY) (NASDAQ:STKL) last announced its earnings results on Tuesday, November 5th. The company reported C$0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.03. The company had revenue of C$240.40 million for the quarter, compared to analyst estimates of C$236.68 million. SunOpta had a negative return on equity of 2.92% and a negative net margin of 23.23%. As a group, equities analysts forecast that SunOpta Inc. will post 0.0729076 EPS for the current year.

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.