Lassonde Industries (TSE:LAS.A) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Lassonde Industries Inc (TSE:LAS.A)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$219.40 and traded as high as C$220.15. Lassonde Industries shares last traded at C$218.08, with a volume of 1,222 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their target price on Lassonde Industries from C$255.00 to C$265.00 in a report on Monday, November 10th. National Bankshares set a C$237.00 price target on Lassonde Industries and gave the company a “sector perform” rating in a research report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Lassonde Industries presently has an average rating of “Moderate Buy” and an average target price of C$249.25.

Lassonde Industries Trading Up 0.1%

The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55. The company has a fifty day simple moving average of C$219.46 and a two-hundred day simple moving average of C$217.44. The company has a market capitalization of C$1.49 billion, a P/E ratio of 12.12 and a beta of -0.57.

Lassonde Industries (TSE:LAS.A) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$5.40 earnings per share (EPS) for the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%.The company had revenue of C$723.85 million for the quarter. On average, analysts forecast that Lassonde Industries Inc will post 18.9924731 earnings per share for the current fiscal year.

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.