Lassonde Industries (TSE:LAS.A) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Lassonde Industries Inc (TSE:LAS.A)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$223.07 and traded as low as C$222.67. Lassonde Industries shares last traded at C$224.81, with a volume of 1,372 shares changing hands.

Lassonde Industries Stock Up 3.7%

The firm has a market cap of C$1.53 billion, a P/E ratio of 9.48 and a beta of -0.16. The firm’s 50-day moving average price is C$216.70 and its 200 day moving average price is C$223.07. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55.

Lassonde Industries (TSE:LAS.A) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$5.36 earnings per share for the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%.The firm had revenue of C$664.04 million during the quarter. On average, equities research analysts expect that Lassonde Industries Inc will post 18.9924731 earnings per share for the current fiscal year.

Lassonde Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a $1.25 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Lassonde Industries’s dividend payout ratio (DPR) is presently 19.18%.

About Lassonde Industries

Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store brand shelf-stable fruit juices and drinks in the United States and a major producer of cranberry sauces. The company operates through a single segment being the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin.