SunOpta (NASDAQ:STKL) Reaches New 52-Week Low – Time to Sell?

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY)’s stock price hit a new 52-week low on Friday . The stock traded as low as $4.86 and last traded at $4.90, with a volume of 307174 shares. The stock had previously closed at $5.03.

Analyst Upgrades and Downgrades

STKL has been the subject of several recent research reports. StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Stephens reaffirmed an “overweight” rating and issued a $10.00 target price on shares of SunOpta in a report on Thursday, January 2nd.

SunOpta Trading Down 3.7 %

The company has a market capitalization of $580.33 million, a P/E ratio of -26.92 and a beta of 1.90. The stock has a 50 day moving average of $6.60 and a 200-day moving average of $6.90. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61.

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

Insider Activity

In related news, SVP Bryan P. Clark sold 8,500 shares of the business’s 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 transaction, the senior vice president now directly owns 28,150 shares of the company’s stock, valued at approximately $149,758. The trade was a 23.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.48% of the company’s stock.

Hedge Funds Weigh In On SunOpta

A number of hedge funds and other institutional investors have recently modified their holdings of STKL. Quarry LP purchased a new stake in SunOpta in the 4th quarter worth $36,000. D.A. Davidson & CO. bought a new position in SunOpta during the fourth quarter valued at approximately $81,000. Bayesian Capital Management LP increased its stake in SunOpta by 15.2% in the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company’s stock worth $89,000 after acquiring an additional 1,523 shares during the last quarter. Mutual Advisors LLC purchased a new position in shares of SunOpta in the 4th quarter worth $92,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of SunOpta in the 3rd quarter valued at approximately $79,000. Institutional investors own 85.39% of the company’s stock.

SunOpta Company Profile

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.