SunOpta (NASDAQ:STKL) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• SunOpta's shares crossed above its 200‑day moving average (200‑day MA $5.15), trading as high as $6.49 and last at $6.48 on volume of 794,170 shares.
• Analysts are mixed—two Buy, two Hold and one Sell—leaving a MarketBeat consensus rating of "Hold" with an $8.00 consensus price target; DA Davidson reiterated a Buy ($8) while William Blair downgraded to Hold.
• The company is a plant‑based foods and beverages supplier with a market cap of $783.11M and a P/E of 34.16, modest liquidity (current ratio 1.18, quick ratio 0.61) and high institutional ownership (~85.39%).

SunOpta, Inc. (NASDAQ:STKL - Get Free Report) TSE: SOY's stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.15 and traded as high as $6.49. SunOpta shares last traded at $6.48, with a volume of 794,170 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on STKL shares. DA Davidson reiterated a "buy" rating and set a $8.00 price target on shares of SunOpta in a report on Monday, February 9th. William Blair lowered shares of SunOpta from a "strong-buy" rating to a "hold" rating in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of SunOpta in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $8.00.

SunOpta Stock Down 0.2%

The company has a current ratio of 1.18, a quick ratio of 0.61 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $783.11 million, a P/E ratio of 34.16 and a beta of 1.03. The company's fifty day simple moving average is $6.21 and its 200 day simple moving average is $5.15.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in SunOpta in the 3rd quarter worth $26,000. EverSource Wealth Advisors LLC raised its holdings in SunOpta by 764.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,502 shares of the company's stock worth $26,000 after purchasing an additional 3,981 shares in the last quarter. New York State Teachers Retirement System bought a new position in SunOpta in the 4th quarter worth $33,000. BNP Paribas Financial Markets raised its holdings in SunOpta by 65.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company's stock worth $54,000 after purchasing an additional 3,669 shares in the last quarter. Finally, State of Wyoming bought a new position in SunOpta in the 3rd quarter worth $61,000. 85.39% of the stock is currently owned by institutional investors.

SunOpta Company Profile

SunOpta Inc NASDAQ: STKL is a Canada-based company specializing in the sourcing, processing and packaging of organic and non-GMO plant-based foods and beverages. The company's product portfolio spans a wide range of offerings, including non-dairy beverages such as oat, almond, soy and coconut drinks, fruit and plant-based beverages, and ingredient solutions for food manufacturers and foodservice customers. SunOpta's integrated supply chain extends from ingredient sourcing and raw material preparation through to finished product formulation and packaging.

SunOpta operates through two primary business segments: Global Beverages and Global Ingredients.

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