Lassonde Industries (TSE:LAS.A) Stock Passes Above 50 Day Moving Average – Here’s Why

Lassonde Industries Inc (TSE:LAS.A) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$181.96 and traded as high as C$190.00. Lassonde Industries shares last traded at C$190.00, with a volume of 4,578 shares changing hands.

Wall Street Analyst Weigh In

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

Lassonde Industries Stock 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’s 50-day moving average price is C$181.96 and its two-hundred day moving average price is C$176.49. The company has a market capitalization of C$583.30 million, a price-to-earnings ratio of 12.62 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.