SunOpta (NASDAQ:STKL) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Shares of SunOpta, Inc. (NASDAQ:STKL - Get Free Report) TSE: SOY crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.98 and traded as high as $6.29. SunOpta shares last traded at $6.14, with a volume of 639,404 shares traded.

SunOpta Price Performance

The stock's 50 day moving average is $6.05 and its two-hundred day moving average is $5.98. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.43. The stock has a market capitalization of $730.52 million, a PE ratio of -47.88 and a beta of 1.43.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The firm had revenue of $201.63 million during the quarter, compared to the consensus estimate of $195.09 million. SunOpta had a positive return on equity of 11.65% and a negative net margin of 1.90%. As a group, sell-side analysts forecast that SunOpta, Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at SunOpta

In related news, CEO Brian W. Kocher purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was purchased at an average cost of $5.72 per share, with a total value of $57,200.00. Following the completion of the acquisition, the chief executive officer directly owned 10,000 shares in the company, valued at $57,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On SunOpta

Hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of SunOpta during the fourth quarter worth $36,000. Bayesian Capital Management LP lifted its holdings in shares of SunOpta by 15.2% during 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 during the period. Quadrant Capital Group LLC lifted its holdings in shares of SunOpta by 15.2% during the fourth quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock worth $112,000 after purchasing an additional 1,923 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of SunOpta by 18.7% during the fourth quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock worth $113,000 after purchasing an additional 2,316 shares during the period. Finally, State of Wyoming acquired a new stake in shares of SunOpta during the first quarter worth $81,000. 85.39% of the stock is 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.