Lassonde Industries (TSE:LAS.A) Stock Passes Below 50 Day Moving Average of $147.43

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Shares of 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 $147.43 and traded as low as $145.00. Lassonde Industries shares last traded at $146.85, with a volume of 2,337 shares traded.

Separately, National Bank Financial restated a “sector perform” rating and issued a C$172.00 target price on shares of Lassonde Industries in a research note on Monday, December 2nd.

The stock’s fifty day moving average price is C$147.33 and its 200-day moving average price is C$165.42. The company has a debt-to-equity ratio of 47.84, a quick ratio of 0.61 and a current ratio of 1.59. The firm has a market cap of $473.05 million and a PE ratio of 17.23.

About Lassonde Industries (TSE:LAS.A)

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.

Further Reading: Diversification in Investing

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