SunOpta (TSE:SOY) Reaches New 52-Week High – Time to Buy?

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL)’s share price reached a new 52-week high on Monday . The company traded as high as C$11.03 and last traded at C$10.99, with a volume of 2000 shares traded. The stock had previously closed at C$10.90.

SunOpta Trading Up 3.0 %

The firm has a market cap of C$1.31 billion, a P/E ratio of -110.10, a P/E/G ratio of 3.16 and a beta of 1.83. The company’s 50 day simple moving average is C$9.16 and its 200-day simple moving average is C$8.22. The company has a quick ratio of 0.49, a current ratio of 1.27 and a debt-to-equity ratio of 244.95.

SunOpta (TSE:SOY) (NASDAQ:STKL) last released its earnings results on Tuesday, November 5th. The company reported C$0.03 earnings per share for the quarter, hitting the consensus estimate of C$0.03. The business had revenue of C$240.40 million during the quarter, compared to the consensus estimate of C$236.68 million. SunOpta had a negative return on equity of 2.92% and a negative net margin of 23.23%. As a group, research analysts predict that SunOpta Inc. will post 0.0729076 earnings per share for the current fiscal year.

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.