Lassonde Industries (TSE:LAS.A) Shares Cross Above 50 Day Moving Average – Time to Sell?

Lassonde Industries Inc (TSE:LAS.A)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$180.85 and traded as high as C$184.45. Lassonde Industries shares last traded at C$184.45, with a volume of 939 shares.

Analyst Ratings Changes

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

Lassonde Industries Stock Up 0.8 %

The firm has a market capitalization of C$566.26 million, a price-to-earnings ratio of 12.26 and a beta of -0.15. 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 fifty day moving average of C$180.85 and a two-hundred day moving average of C$175.13.

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.