Lassonde Industries (TSE:LAS.A) Shares Cross Below 50 Day Moving Average - Should You Sell?

Lassonde Industries Inc (TSE:LAS.A - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$216.59 and traded as low as C$214.89. Lassonde Industries shares last traded at C$214.90, with a volume of 490 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stifel Nicolaus upped their target price on Lassonde Industries from C$243.00 to C$250.00 in a research report on Monday, May 12th. National Bankshares upped their price target on Lassonde Industries from C$213.00 to C$223.00 and gave the stock a "sector perform" rating in a report on Monday, March 31st. Desjardins upgraded Lassonde Industries from a "hold" rating to a "buy" rating and upped their price target for the stock from C$205.00 to C$255.00 in a report on Monday, March 31st. Finally, Canaccord Genuity Group upped their price target on Lassonde Industries from C$225.00 to C$240.00 and gave the stock a "buy" rating in a report on Monday, March 31st.

Lassonde Industries Stock Down 1.7%

The firm has a 50 day simple moving average of C$217.03 and a two-hundred day simple moving average of C$200.47. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55. The stock has a market cap of C$648.45 million, a price-to-earnings ratio of 14.03 and a beta of -0.15.

Lassonde Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, June 13th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.08%. 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%.

About Lassonde Industries

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.