Watch for Continued Gains in Shares of SunOpta Inc. (STKL)

January 29, 2021 11:10:27

SunOpta Inc. (NASDAQ:STKL) traded at a new 52-week high today of $15.16. Approximately 192,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. It operates through three segments. Global Ingredients includes the sourcing and sale of organic and non-GMO ingredients, including fruits, oils, and the processing of value-added ingredients including cocoa liquor. Plant-Based Foods and Beverages include plant-based beverages and liquid and dry ingredients (utilizing almond, soy) as well as broths, teas, and nutritional beverages. Fruit-Based Foods and Beverages include individually quick frozen(IQF) fruit for retail(including strawberries, mango), IQF and bulk frozen fruit for foodservice (including purees, fruit cups, and smoothies), and custom fruit preparations for industrial use. It generates a vast majority of revenues from the Global Ingredients segment.

SunOpta Inc. (NASDAQ:STKL) is currently priced 15.6% above its average consensus analyst price target of $12.60.

SunOpta Inc. share prices have moved between a 52-week high of $15.16 and a 52-week low of $1.33 and are now trading 1,022% above that low price at $14.92 per share.

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