Lassonde Industries (TSE:LAS.A) Shares Pass Below 200 Day Moving Average of $143.31

Lassonde Industries Inc (TSE:LAS.A)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$143.31 and traded as low as C$141.00. Lassonde Industries shares last traded at C$141.82, with a volume of 3,882 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Desjardins lifted their price objective on Lassonde Industries from C$150.00 to C$175.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. National Bankshares lifted their price objective on Lassonde Industries from C$173.00 to C$174.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th.

Lassonde Industries Price Performance

The company has a debt-to-equity ratio of 21.54, a current ratio of 1.71 and a quick ratio of 0.55. The stock has a 50 day moving average price of C$149.00 and a two-hundred day moving average price of C$143.31. The firm has a market capitalization of C$435.39 million, a price-to-earnings ratio of 11.05 and a beta of -0.16.

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.