ValuEngine cut shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a buy rating to a hold rating in a report released on Wednesday.

A number of other research firms have also recently commented on STKL. BidaskClub upgraded shares of SunOpta from a sell rating to a hold rating in a research report on Saturday, August 4th. Zacks Investment Research cut shares of SunOpta from a hold rating to a sell rating in a research report on Tuesday, August 14th.

Shares of STKL traded down $0.21 during trading hours on Wednesday, reaching $5.24. The stock had a trading volume of 840,170 shares, compared to its average volume of 514,521. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.40 and a current ratio of 1.23. SunOpta has a 52 week low of $5.00 and a 52 week high of $9.10.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, November 7th. The company reported ($0.04) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.04). SunOpta had a negative net margin of 10.52% and a negative return on equity of 7.52%. The business had revenue of $308.37 million during the quarter, compared to analysts’ expectations of $317.80 million. On average, analysts forecast that SunOpta will post -0.18 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Engaged Capital LLC increased its holdings in SunOpta by 1.5% during the 2nd quarter. Engaged Capital LLC now owns 6,856,907 shares of the company’s stock worth $57,598,000 after purchasing an additional 100,000 shares in the last quarter. FMR LLC increased its holdings in SunOpta by 9.9% during the 3rd quarter. FMR LLC now owns 3,583,533 shares of the company’s stock worth $26,339,000 after purchasing an additional 323,483 shares in the last quarter. Ardsley Advisory Partners increased its holdings in SunOpta by 12.3% during the 2nd quarter. Ardsley Advisory Partners now owns 2,976,801 shares of the company’s stock worth $25,005,000 after purchasing an additional 325,000 shares in the last quarter. Overbrook Management Corp increased its holdings in SunOpta by 103.6% during the 2nd quarter. Overbrook Management Corp now owns 2,238,273 shares of the company’s stock worth $18,801,000 after purchasing an additional 1,138,822 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in SunOpta by 3.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,723,495 shares of the company’s stock worth $14,507,000 after purchasing an additional 57,148 shares in the last quarter. Hedge funds and other institutional investors own 79.35% of the company’s stock.

SunOpta Company Profile

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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