SunOpta (NASDAQ:STKL) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.83 and traded as high as $7.40. SunOpta shares last traded at $7.36, with a volume of 363,311 shares.

Analyst Ratings Changes

STKL has been the subject of several analyst reports. Stephens reissued an “overweight” rating and issued a $10.00 price objective on shares of SunOpta in a research note on Thursday, January 2nd. StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

SunOpta Stock Down 0.4 %

The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $880.62 million, a PE ratio of -40.89 and a beta of 1.79. The stock has a 50-day moving average of $7.55 and a 200 day moving average of $6.83.

Insider Activity at SunOpta

In related news, Director Rebecca Fisher sold 13,142 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total transaction of $99,616.36. Following the completion of the sale, the director now directly owns 108,500 shares of the company’s stock, valued at approximately $822,430. This trade represents a 10.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SunOpta

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of SunOpta by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,143,323 shares of the company’s stock valued at $16,508,000 after purchasing an additional 15,433 shares in the last quarter. Franklin Resources Inc. grew its position in shares of SunOpta by 1,015.0% in the fourth quarter. Franklin Resources Inc. now owns 587,749 shares of the company’s stock valued at $4,526,000 after purchasing an additional 535,034 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of SunOpta by 187.9% in the fourth quarter. Alliancebernstein L.P. now owns 367,740 shares of the company’s stock valued at $2,832,000 after purchasing an additional 240,000 shares in the last quarter. Vanguard Group Inc. grew its position in shares of SunOpta by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 2,207,838 shares of the company’s stock valued at $17,002,000 after purchasing an additional 71,116 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of SunOpta by 145.4% in the fourth quarter. American Century Companies Inc. now owns 226,785 shares of the company’s stock valued at $1,751,000 after purchasing an additional 134,368 shares in the last quarter. 85.39% of the stock is owned by institutional investors.

SunOpta Company Profile

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.