SunOpta (NASDAQ:STKL) Sees Unusually-High Trading Volume - What's Next?

Shares of SunOpta Inc. (NASDAQ:STKL - Get Free Report) TSE: SOY saw unusually-strong trading volume on Thursday . Approximately 2,827,778 shares changed hands during trading, an increase of 265% from the previous session's volume of 774,170 shares.The stock last traded at $5.74 and had previously closed at $5.76.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of SunOpta from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th.

SunOpta Trading Down 0.7%

The business's 50 day moving average price is $5.00 and its two-hundred day moving average price is $6.32. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $669.99 million, a price-to-earnings ratio of -31.66 and a beta of 1.47.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The company had revenue of $201.63 million for the quarter, compared to the consensus estimate of $195.09 million. On average, equities analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Activity at SunOpta

In related news, SVP Bryan P. Clark sold 8,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 28,150 shares in the company, valued at $149,758. This trade represents a 23.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in SunOpta in the 4th quarter valued at approximately $36,000. EP Wealth Advisors LLC raised its holdings in SunOpta by 11.9% during the 1st quarter. EP Wealth Advisors LLC now owns 16,477 shares of the company's stock worth $80,000 after purchasing an additional 1,747 shares during the last quarter. D.A. Davidson & CO. bought a new position in SunOpta during the 4th quarter worth approximately $81,000. State of Wyoming bought a new position in SunOpta during the 1st quarter worth approximately $81,000. Finally, Bayesian Capital Management LP raised its holdings in SunOpta by 15.2% during the 4th 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 during the last quarter. Institutional investors own 85.39% of the company's stock.

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.