SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 696,100 shares, a decrease of 57.8% from the December 15th total of 1,650,000 shares. Based on an average daily volume of 880,000 shares, the short-interest ratio is presently 0.8 days.
Several brokerages have recently weighed in on STKL. Zacks Investment Research lowered shares of SunOpta from a “strong-buy” rating to a “hold” rating in a report on Tuesday. dropped their price objective on shares of SunOpta from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, November 11th. Finally, TheStreet lowered shares of SunOpta from a “c” rating to a “d+” rating in a report on Wednesday, November 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $15.92.
STKL opened at $5.88 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.53 and a quick ratio of 0.82. SunOpta has a fifty-two week low of $5.77 and a fifty-two week high of $17.07. The firm has a market capitalization of $638.01 million, a PE ratio of 8.17 and a beta of 1.87. The company’s 50-day moving average is $6.57 and its 200 day moving average is $8.61.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of SunOpta by 22.0% in the 3rd quarter. BlackRock Inc. now owns 9,222 shares of the company’s stock worth $82,000 after acquiring an additional 1,663 shares during the last quarter. Trexquant Investment LP grew its position in SunOpta by 14.7% in the 3rd quarter. Trexquant Investment LP now owns 13,884 shares of the company’s stock worth $124,000 after purchasing an additional 1,783 shares in the last quarter. Mackenzie Financial Corp grew its position in SunOpta by 10.6% in the 2nd quarter. Mackenzie Financial Corp now owns 22,107 shares of the company’s stock worth $270,000 after purchasing an additional 2,118 shares in the last quarter. Raymond James & Associates grew its position in SunOpta by 22.0% in the 3rd quarter. Raymond James & Associates now owns 12,741 shares of the company’s stock worth $114,000 after purchasing an additional 2,299 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in SunOpta by 31.2% in the 2nd quarter. Toronto Dominion Bank now owns 10,028 shares of the company’s stock worth $123,000 after purchasing an additional 2,385 shares in the last quarter. Institutional investors own 70.32% of the company’s stock.
SunOpta Company Profile
SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.
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