SunOpta (NASDAQ:STKL) Hits New 52-Week Low - What's Next?

SunOpta Inc. (NASDAQ:STKL - Get Free Report) TSE: SOY shares hit a new 52-week low during trading on Thursday . The stock traded as low as $4.62 and last traded at $4.71, with a volume of 1003776 shares traded. The stock had previously closed at $4.70.

Analysts Set New Price Targets

Several brokerages have recently issued reports on STKL. StockNews.com raised SunOpta from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Stephens reaffirmed an "overweight" rating and issued a $10.00 target price on shares of SunOpta in a report on Thursday, January 2nd.

SunOpta Price Performance

The firm has a market cap of $475.43 million, a P/E ratio of -22.05 and a beta of 1.83. The stock's 50-day moving average is $6.21 and its 200-day moving average is $6.80. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The company had revenue of $193.91 million for the quarter, compared to the consensus estimate of $189.90 million. As a group, equities analysts anticipate that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at SunOpta

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the sale, the senior vice president now owns 28,150 shares of the company's stock, valued at $149,758. The trade was a 23.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.48% of the company's stock.

Institutional Trading of SunOpta

Institutional investors have recently made changes to their positions in the business. Bayesian Capital Management LP raised its position in SunOpta by 15.2% in the fourth quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock worth $89,000 after purchasing an additional 1,523 shares in the last quarter. Ironwood Investment Management LLC grew its stake in shares of SunOpta by 1.2% in the 4th quarter. Ironwood Investment Management LLC now owns 132,879 shares of the company's stock valued at $1,023,000 after purchasing an additional 1,549 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of SunOpta by 15.2% in the 4th quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock worth $112,000 after buying an additional 1,923 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of SunOpta by 18.7% during the 4th quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock worth $113,000 after buying an additional 2,316 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in SunOpta by 33.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,522 shares of the company's stock valued at $86,000 after buying an additional 3,360 shares in the last quarter. 85.39% of the stock is currently owned by institutional investors and hedge funds.

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.