SunOpta (NASDAQ:STKL) Shares Down 4.6% - Time to Sell?

SunOpta Inc. (NASDAQ:STKL - Get Free Report) TSE: SOY shares dropped 4.6% on Monday . The company traded as low as $5.90 and last traded at $5.96. Approximately 255,391 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 760,103 shares. The stock had previously closed at $6.24.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised SunOpta from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th.

SunOpta Trading Down 0.7%

The business has a fifty day moving average price of $4.98 and a 200-day moving average price of $6.34. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. The company has a market cap of $669.99 million, a P/E ratio of -31.66 and a beta of 1.50.

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

Insider Activity

In related news, SVP Bryan P. Clark sold 8,500 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the transaction, the senior vice president now directly owns 28,150 shares of the company's stock, valued at approximately $149,758. This trade represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new stake in shares of SunOpta in the fourth quarter valued at approximately $36,000. EP Wealth Advisors LLC increased its stake 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 acquiring an additional 1,747 shares during the period. D.A. Davidson & CO. acquired a new position in SunOpta in the 4th quarter valued at $81,000. State of Wyoming acquired a new position in SunOpta in the 1st quarter valued at $81,000. Finally, Bayesian Capital Management LP lifted its position in shares of SunOpta by 15.2% during the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock valued at $89,000 after acquiring an additional 1,523 shares during the period. Institutional investors and hedge funds 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.