SunOpta (TSE:SOY) Cut to “Hold” at William Blair

William Blair lowered shares of SunOpta (TSE:SOY) (NASDAQ:STKL) from a strong-buy rating to a hold rating in a research note issued to investors on Friday,Zacks.com reports.

SunOpta Stock Up 31.4%

SOY opened at C$8.74 on Friday. The business’s fifty day simple moving average is C$5.73 and its 200 day simple moving average is C$7.05. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 252.92. SunOpta has a 52 week low of C$4.69 and a 52 week high of C$10.87. The firm has a market cap of C$1.03 billion, a P/E ratio of 874.00, a PEG ratio of 3.16 and a beta of 2.64.

SunOpta (TSE:SOY) (NASDAQ:STKL) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.05 earnings per share for the quarter. SunOpta had a negative net margin of 2.74% and a negative return on equity of 11.64%. The company had revenue of C$286.38 million during the quarter. As a group, equities research analysts anticipate that SunOpta will post 0.0729076 EPS for the current fiscal year.

About SunOpta

SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. The company’s operating segment includes Plant-Based Foods and Beverages and Fruit-Based Foods and Beverages. It generates maximum revenue from the Plant-Based Foods and Beverages segment. Plant-Based Foods and Beverages include plant-based beverages and liquid and dry ingredients (utilizing almond, soy) as well as broths, teas, and nutritional beverages. Fruit-Based Foods and Beverages include individually quick frozen(IQF) fruit for retail(including strawberries, mango), IQF and bulk frozen fruit for foodservice (including purees, fruit cups, and smoothies), and custom fruit preparations for industrial use.