SunOpta (NASDAQ:STKL) (TSE:SOY)’s share price traded up 8.5% during trading on Thursday . The stock traded as high as $7.80 and last traded at $7.70. 1,949,000 shares traded hands during trading, an increase of 585% from the average session volume of 284,541 shares. The stock had previously closed at $7.10.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of SunOpta from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 3rd. ValuEngine lowered shares of SunOpta from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, BidaskClub lowered shares of SunOpta from a “hold” rating to a “sell” rating in a research report on Tuesday, April 24th.
The company has a current ratio of 1.27, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $599.35 million, a P/E ratio of -55.00 and a beta of 1.33.
SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, May 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). SunOpta had a negative return on equity of 5.23% and a negative net margin of 10.16%. The business had revenue of $312.65 million during the quarter, compared to analyst estimates of $309.40 million. research analysts predict that SunOpta will post -0.09 earnings per share for the current fiscal year.
In other SunOpta news, insider George Miketa acquired 25,500 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was bought at an average price of $7.25 per share, with a total value of $184,875.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Dean Hollis acquired 25,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was acquired at an average cost of $7.02 per share, with a total value of $175,500.00. Following the transaction, the director now directly owns 102,391 shares of the company’s stock, valued at $718,784.82. The disclosure for this purchase can be found here. Insiders bought 54,000 shares of company stock valued at $385,190 in the last three months. Company insiders own 1.75% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in STKL. JPMorgan Chase & Co. increased its position in shares of SunOpta by 34.3% in the third quarter. JPMorgan Chase & Co. now owns 30,537 shares of the company’s stock worth $258,000 after acquiring an additional 7,800 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of SunOpta in the fourth quarter worth $162,000. Gilder Gagnon Howe & Co. LLC increased its position in shares of SunOpta by 50.8% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 885,149 shares of the company’s stock worth $6,860,000 after acquiring an additional 298,335 shares in the last quarter. Montag A & Associates Inc. increased its position in shares of SunOpta by 1.3% in the fourth quarter. Montag A & Associates Inc. now owns 582,709 shares of the company’s stock worth $4,516,000 after acquiring an additional 7,605 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of SunOpta by 11.9% in the fourth quarter. Bank of New York Mellon Corp now owns 170,601 shares of the company’s stock worth $1,322,000 after acquiring an additional 18,143 shares in the last quarter. 82.10% of the stock is owned by institutional investors.
SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, Mexico, and Ethiopia. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.
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