ValuEngine Lowers SunOpta (STKL) to Hold

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SunOpta (NASDAQ:STKL) (TSE:SOY) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday.

Several other research firms have also commented on STKL. BidaskClub upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Saturday, August 4th. Zacks Investment Research lowered SunOpta from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th.

Shares of NASDAQ STKL traded down $0.93 during trading on Wednesday, hitting $5.92. 1,021,500 shares of the company were exchanged, compared to its average volume of 313,982. SunOpta has a 12-month low of $5.88 and a 12-month high of $9.10. The company has a quick ratio of 0.40, a current ratio of 1.23 and a debt-to-equity ratio of 0.96. The firm has a market cap of $624.03 million, a PE ratio of -42.29 and a beta of 1.17.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, August 8th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). SunOpta had a negative return on equity of 6.70% and a negative net margin of 10.53%. The business had revenue of $319.31 million for the quarter, compared to analyst estimates of $319.10 million. Research analysts expect that SunOpta will post -0.18 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. A.R.T. Advisors LLC purchased a new stake in SunOpta in the 1st quarter valued at about $151,000. Engineers Gate Manager LP purchased a new stake in SunOpta in the 2nd quarter valued at about $167,000. Janney Montgomery Scott LLC purchased a new stake in SunOpta in the 3rd quarter valued at about $200,000. Shufro Rose & Co. LLC purchased a new stake in SunOpta in the 2nd quarter valued at about $509,000. Finally, Renaissance Technologies LLC purchased a new stake in SunOpta in the 2nd quarter valued at about $668,000. Institutional investors and hedge funds own 79.35% of the company’s stock.

About SunOpta

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, Mexico, and Ethiopia. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

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