SunOpta (NASDAQ:STKL) Stock Price Down 4.6% - Should You Sell?

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

Analysts Set New Price Targets

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

SunOpta Price Performance

The company's 50-day moving average is $4.94 and its two-hundred day moving average is $6.35. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The firm has a market cap of $677.04 million, a P/E ratio of -32.00 and a beta of 1.50.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings data 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 negative net margin of 2.74% and a positive return on equity of 7.92%. The business had revenue of $201.63 million during the quarter, compared to analysts' expectations of $195.09 million. Sell-side analysts anticipate that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $5.32, for a total transaction of $45,220.00. Following the completion of the transaction, the senior vice president now owns 28,150 shares of the company's stock, valued at approximately $149,758. The trade was a 23.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Cooperman Leon G raised its stake in SunOpta by 9.1% during the first quarter. Cooperman Leon G now owns 6,097,331 shares of the company's stock worth $29,633,000 after acquiring an additional 507,990 shares in the last quarter. Granahan Investment Management LLC raised its stake in SunOpta by 20.3% during the first quarter. Granahan Investment Management LLC now owns 3,346,836 shares of the company's stock worth $16,266,000 after acquiring an additional 564,621 shares in the last quarter. Vanguard Group Inc. raised its stake in SunOpta by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 2,207,838 shares of the company's stock worth $17,002,000 after acquiring an additional 71,116 shares in the last quarter. Geode Capital Management LLC raised its stake in SunOpta by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,143,323 shares of the company's stock worth $16,508,000 after acquiring an additional 15,433 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in SunOpta by 4.3% during the first quarter. Harbor Capital Advisors Inc. now owns 1,836,989 shares of the company's stock worth $8,928,000 after acquiring an additional 75,067 shares in the last quarter. 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.