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

Lassonde Industries Inc (TSE:LAS.A) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$175.61 and traded as high as C$177.01. Lassonde Industries shares last traded at C$176.50, with a volume of 819 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LAS.A shares. Stifel Nicolaus upped their target price on Lassonde Industries from C$220.00 to C$225.00 in a research note on Monday, November 11th. Desjardins upped their target price on Lassonde Industries from C$175.00 to C$190.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Finally, National Bankshares upped their target price on Lassonde Industries from C$181.00 to C$187.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th.

Lassonde Industries Stock Down 0.8 %

The company has a market cap of C$541.86 million, a price-to-earnings ratio of 11.73 and a beta of -0.15. 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 business has a fifty day moving average of C$175.61 and a two-hundred day moving average of C$161.52.

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.