Lassonde Industries (TSE:LAS.A) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Lassonde Industries Inc (TSE:LAS.A) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$177.12 and traded as low as C$176.27. Lassonde Industries shares last traded at C$179.96, with a volume of 1,758 shares trading hands.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus upped their price objective on shares of Lassonde Industries from C$220.00 to C$225.00 in a report on Monday, November 11th.

Lassonde Industries Stock Performance

The firm has a fifty day moving average of C$177.24 and a 200 day moving average of C$168.34. 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 has a market capitalization of C$552.48 million, a price-to-earnings ratio of 11.96 and a beta of -0.15.

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.