SunOpta (NASDAQ:STKL) Reaches New 52-Week Low – Here’s Why

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $4.62 and last traded at $4.71, with a volume of 1003776 shares trading hands. The stock had previously closed at $4.70.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Stephens restated an “overweight” rating and issued a $10.00 target price on shares of SunOpta in a research note on Thursday, January 2nd.

SunOpta Price Performance

The business has a 50-day moving average price of $6.40 and a two-hundred day moving average price of $6.86. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $564.05 million, a price-to-earnings ratio of -26.17 and a beta of 1.90.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $193.91 million for the quarter, compared to the consensus estimate of $189.90 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. As a group, research analysts anticipate that SunOpta Inc. will post 0.13 EPS for the current year.

Insider Buying and Selling at SunOpta

In other news, SVP Bryan P. Clark sold 8,500 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $5.32, for a total value of $45,220.00. Following the completion of the sale, the senior vice president now directly owns 28,150 shares of the company’s stock, valued at $149,758. This represents a 23.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.48% of the company’s stock.

Institutional Investors Weigh In On SunOpta

Institutional investors have recently bought and sold shares of the stock. Bayesian Capital Management LP lifted its stake in SunOpta by 15.2% during the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company’s stock valued at $89,000 after acquiring an additional 1,523 shares in the last quarter. Ironwood Investment Management LLC lifted its position in shares of SunOpta by 1.2% during the fourth quarter. Ironwood Investment Management LLC now owns 132,879 shares of the company’s stock valued at $1,023,000 after purchasing an additional 1,549 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in SunOpta by 15.2% during the fourth quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company’s stock worth $112,000 after purchasing an additional 1,923 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in SunOpta by 18.7% during the fourth quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company’s stock worth $113,000 after purchasing an additional 2,316 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in SunOpta by 33.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock worth $86,000 after purchasing an additional 3,360 shares in the last quarter. Institutional investors own 85.39% of the company’s stock.

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.