Lassonde Industries (TSE:LAS.A) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Lassonde Industries Inc (TSE:LAS.A) shares crossed 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 trading hands.

Lassonde Industries Trading Up 3.7%

The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88. The business has a 50 day simple moving average of C$216.70 and a two-hundred day simple moving average of C$223.07. The stock has a market cap of C$1.53 billion, a price-to-earnings ratio of 9.48 and a beta of -0.16.

Lassonde Industries (TSE:LAS.A) last announced its earnings results on Thursday, May 7th. The company reported C$5.36 earnings per share (EPS) for the quarter. The company had revenue of C$664.04 million for the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%. As a group, equities analysts anticipate that Lassonde Industries Inc will post 18.9924731 EPS for the current year.

Lassonde Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, May 20th. Lassonde Industries’s payout ratio is 19.18%.

Lassonde Industries Company Profile

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.