Lassonde Industries (TSE:LAS.A) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Lassonde Industries Inc (TSE:LAS.A)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$223.07 and traded as low as C$222.67. Lassonde Industries shares last traded at C$224.81, with a volume of 1,372 shares changing hands.

Lassonde Industries Price Performance

The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88. The stock has a market capitalization of C$1.57 billion, a P/E ratio of 9.70 and a beta of -0.20. The company has a fifty day simple moving average of C$217.02 and a two-hundred day simple moving average of C$223.13.

Lassonde Industries (TSE:LAS.A) last issued its earnings results on Thursday, August 6th. The company reported C$7.45 earnings per share (EPS) for the quarter. The company had revenue of C$737.69 million for the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. Sell-side analysts expect that Lassonde Industries Inc will post 18.9924731 EPS for the current fiscal year.

Lassonde Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. Lassonde Industries’s dividend payout ratio (DPR) is presently 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.