SunOpta (TSE:SOY) Share Price Passes Below 200-Day Moving Average - Here's What Happened

Key Points

• SunOpta Inc. shares fell below their 200-day moving average of C$8.25, hitting a low of C$7.61 before closing at C$7.89.
• The company has a high debt-to-equity ratio of 252.92, which may raise concerns about its financial stability.
• SunOpta focuses on a healthy product portfolio, primarily generating revenue from its Plant-Based Foods and Beverages segment.

SunOpta Inc. (TSE:SOY - Get Free Report) NASDAQ: STKL's share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.25 and traded as low as C$7.61. SunOpta shares last traded at C$7.89, with a volume of 89,329 shares trading hands.

SunOpta Stock Down 5.6%

The company has a debt-to-equity ratio of 252.92, a quick ratio of 0.49 and a current ratio of 1.20. The stock's fifty day simple moving average is C$8.29 and its two-hundred day simple moving average is C$8.19. The stock has a market capitalization of C$595.27 million, a P/E ratio of -32.63, a price-to-earnings-growth ratio of 3.16 and a beta of 1.83.

SunOpta Company Profile

SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. The company's operating segment includes Plant-Based Foods and Beverages and Fruit-Based Foods and Beverages. It generates maximum revenue from the Plant-Based Foods and Beverages segment. Plant-Based Foods and Beverages include plant-based beverages and liquid and dry ingredients (utilizing almond, soy) as well as broths, teas, and nutritional beverages.