Lassonde Industries (TSE:LAS.A) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Lassonde Industries Inc (TSE:LAS.A) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$216.92 and traded as high as C$219.99. Lassonde Industries shares last traded at C$219.99, with a volume of 114 shares changing hands.

Analyst Upgrades and Downgrades

LAS.A has been the subject of several research reports. Desjardins raised their price objective on shares of Lassonde Industries from C$270.00 to C$275.00 and gave the stock a “buy” rating in a research report on Monday, March 30th. Stifel Nicolaus upped their target price on Lassonde Industries from C$265.00 to C$280.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lassonde Industries currently has an average rating of “Moderate Buy” and a consensus price target of C$271.00.

Lassonde Industries Stock Performance

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 stock’s 50-day moving average price is C$217.03 and its 200-day moving average price is C$223.34. The company has a market cap of C$1.46 billion, a P/E ratio of 9.05 and a beta of -0.16.

Lassonde Industries (TSE:LAS.A) last released its quarterly earnings results on Thursday, May 7th. The company reported C$5.36 EPS for the quarter. The business had revenue of C$664.04 million for the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, May 20th. Lassonde Industries’s payout ratio is 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.