ValuEngine downgraded shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a hold rating to a sell rating in a research note issued to investors on Saturday morning, ValuEngine reports.

A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a hold rating to a sell rating in a research report on Thursday, July 4th. BidaskClub downgraded shares of Walgreens Boots Alliance from a sell rating to a strong sell rating in a research report on Monday, June 24th.

Shares of NASDAQ STKL traded down $0.08 during mid-day trading on Friday, reaching $2.73. The company had a trading volume of 232,061 shares, compared to its average volume of 236,277. The company has a current ratio of 1.30, a quick ratio of 0.43 and a debt-to-equity ratio of 1.86. The stock has a 50 day simple moving average of $3.34. The stock has a market cap of $239.57 million, a PE ratio of -9.75 and a beta of 0.76. SunOpta has a 52-week low of $2.21 and a 52-week high of $8.70.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Wednesday, May 8th. The company reported ($0.09) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.09). The firm had revenue of $305.28 million for the quarter, compared to the consensus estimate of $308.10 million. SunOpta had a negative net margin of 6.32% and a negative return on equity of 10.69%. Research analysts predict that SunOpta will post -0.3 earnings per share for the current fiscal year.

In related news, CEO Joseph Ennen bought 40,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average cost of $4.57 per share, with a total value of $182,800.00. Following the transaction, the chief executive officer now directly owns 169,000 shares of the company’s stock, valued at approximately $772,330. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased a total of 215,000 shares of company stock worth $920,050 over the last ninety days. Insiders own 1.75% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Hollencrest Capital Management purchased a new position in SunOpta during the 1st quarter worth $87,000. Squarepoint Ops LLC purchased a new position in SunOpta during the 4th quarter worth $106,000. Millennium Management LLC purchased a new position in SunOpta during the 4th quarter worth $117,000. Boyar Asset Management Inc. grew its position in SunOpta by 73.5% during the 1st quarter. Boyar Asset Management Inc. now owns 57,510 shares of the company’s stock worth $199,000 after purchasing an additional 24,372 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in SunOpta during the 4th quarter worth $224,000. 77.31% of the stock is currently owned by institutional investors.

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, and internationally. 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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