SunOpta (TSE:SOY) Shares Pass Above Two Hundred 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 - Get Free Report) NASDAQ: STKL's share price crossed 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.

SunOpta Stock Up 2.3%

The firm has a 50-day moving average of C$8.58 and a 200 day moving average of C$7.85. The stock has a market capitalization of C$1.04 billion, a price-to-earnings ratio of -147.33, a price-to-earnings-growth ratio of 3.16 and a beta of 2.21. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 252.92.

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.