SunOpta (TSE:SOY) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• SunOpta Inc. shares have recently surpassed their 200-day moving average, indicating a potential shift in stock momentum.
• The company has a market capitalization of C$1.08 billion and operates primarily in the Plant-Based Foods and Beverages segment.
• With a high debt-to-equity ratio of 252.92 and a negative P/E ratio of -151.83, investors may need to consider financial stability before investing.

SunOpta Inc. (TSE:SOY - NASDAQ: STKL shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$7.89 and traded as high as C$9.22. SunOpta shares last traded at C$9.11, with a volume of 50,890 shares trading hands.

SunOpta Price Performance

The business's fifty day simple moving average is C$8.52 and its 200-day simple moving average is C$7.89. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 252.92. The firm has a market cap of C$1.08 billion, a P/E ratio of -151.83, a PEG ratio of 3.16 and a beta of 2.21.

About SunOpta

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.

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