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

Lassonde Industries Inc (TSE:LAS.A)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$175.61 and traded as high as C$177.01. Lassonde Industries shares last traded at C$176.50, with a volume of 819 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Stifel Nicolaus increased their price target on Lassonde Industries from C$220.00 to C$225.00 in a report on Monday, November 11th. Desjardins increased their price target on Lassonde Industries from C$175.00 to C$190.00 and gave the company a “hold” rating in a report on Monday, August 12th. Finally, National Bankshares increased their price target on Lassonde Industries from C$181.00 to C$187.00 and gave the company an “outperform” rating in a report on Monday, August 12th.

Lassonde Industries Stock Down 0.8 %

The company has a market capitalization of C$541.86 million, a PE ratio of 11.73 and a beta of -0.15. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88. The firm has a 50-day moving average of C$175.61 and a two-hundred day moving average of C$161.52.

Lassonde Industries Company Profile

Lassonde Industries Inc, together with its subsidiaries, develops, manufactures, and markets various ready-to-drink fruit and vegetable juices and drinks in Canada, the United States, and internationally. The company also offers cranberry sauces; and develops, manufactures, and markets specialty food products, including fondue broths and sauces, packaged corn-on-the-cob, and pasta sauces.