The stock of SunOpta, Inc. (TSE:SOY) hit a new 52-week high and has $15.89 target or 61.00% above today’s $9.87 share price. The 8 months bullish chart indicates low risk for the $938.26 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $15.89 price target is reached, the company will be worth $572.34M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3,860 shares traded hands. SunOpta, Inc. (TSE:SOY) has risen 56.49% since April 11, 2016 and is uptrending. It has outperformed by 52.57% the S&P500.
More recent SunOpta, Inc. (TSE:SOY) news were published by: Businesswire.com which released: “SunOpta Announces Third Quarter Fiscal 2016 Financial Results” on November 09, 2016. Also Fool.com published the news titled: “Why Shares of SunOpta Inc. Soared Today” on May 27, 2016. Reuters.com‘s news article titled: “SunOpta gets $85 million from Oaktree Capital to repay debt” with publication date: October 07, 2016 was also an interesting one.
SunOpta Inc. operates businesses focused on a healthy products portfolio. The company has a market cap of $938.26 million. The Firm operates through two divisions: Global Ingredients and Consumer Products. It currently has negative earnings. The Company’s Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating divisions focused on the procurement, processing and sale of specialty and organic grains and seeds, fruits, grain- and cocoa ingredients, and other commodities.
SOY.TO Company Profile
SunOpta Inc., incorporated on January 1, 2008, operates businesses focused on a healthy products portfolio. The Firm operates through two divisions: Global Ingredients and Consumer Products. The Firm is focused on both sourcing non-genetically modified (non-GMO) and organic ingredients and manufacturing healthy food and beverage products. It operates an integrated field-to-table business model leveraging its global ingredient sourcing platform to process and market non-GMO and organic ingredients for retailers, food manufacturers and foodservice operators and manufacture packaged products focused on the healthy beverages, healthy fruit and healthy snacks categories for its retail, foodservice and branded food customers.