Lassonde Industries (TSE:LAS.A) Stock Crosses Above 50 Day Moving Average - Time to Sell?

Lassonde Industries Inc (TSE:LAS.A - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$211.97 and traded as high as C$216.69. Lassonde Industries shares last traded at C$215.01, with a volume of 3,551 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on LAS.A. Canaccord Genuity Group boosted their price target on shares of Lassonde Industries from C$225.00 to C$240.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Desjardins upgraded shares of Lassonde Industries from a "hold" rating to a "buy" rating and upped their price objective for the stock from C$205.00 to C$255.00 in a research report on Monday, March 31st. National Bankshares raised their target price on Lassonde Industries from C$213.00 to C$223.00 and gave the stock a "sector perform" rating in a research note on Monday, March 31st. Finally, Stifel Nicolaus boosted their price target on shares of Lassonde Industries from C$243.00 to C$250.00 in a report on Monday, May 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$229.60.

Lassonde Industries Price Performance

The stock has a market cap of C$669.17 million, a PE ratio of 14.48 and a beta of -0.15. The company has a 50-day simple moving average of C$212.27 and a 200-day simple moving average of C$195.17. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55.

Lassonde Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.02%. This is a positive change from Lassonde Industries's previous quarterly dividend of $0.70. Lassonde Industries's dividend payout ratio (DPR) is currently 26.58%.

Lassonde Industries Company Profile

Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store brand shelf-stable fruit juices and drinks in the United States and a major producer of cranberry sauces. The company operates through a single segment being the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin.