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The estimated COVID-19 impact on adjusted EBITDA was a negative $2 million. I’d like to remind listeners that adjusted EBITDA and adjusted earnings are non-GAAP measures and a reconciliation of these measures to GAAP can be found toward the back of the press release issued earlier this morning. So, yes, we are in a position where we have been able to pass through the majority of the impact of higher cost route from this season, and many of those prices will go into effect here in the fourth quarter. You know, https://umarkets.net/shares/sunopta/ that’s the result of a lot of great work by our sales team over the last 12 months to get better relations with our customers, as well as different pricing mechanisms in place, and certainly has aided our efforts in mitigating the impact of the higher cost for. Yeah, so, you know, yes, we’re seeing a consistent pattern to what you articulated in aggregate, food service was neither a headwind or a tailwind for the quarter. It looked broadly similar to 2019 as it relates to the impact of a second wave of covid.

On corrections down, there will be some support from the lines at $12.25 and $11.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, November 09, 2020, and so far it has risen 92.86%.

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To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. “StockInvest.us” is a research service that provides financial data and technical analysis of publicly traded stocks. All https://umarkets.net/ users should speak with their financial advisor before buying or selling any securities. Users should not base their investment decision upon “StockInvest.us”. By using the site you agree and are held liable for your own investment decisions and agree to Terms of Use and Privacy Policy.Please read the full disclaimer here. SunOpta holds several positive signals and is within a strong rising trend.

  • We remain confident in our ability to meet our expectation for further sequential margin improvement in the fourth quarter.
  • These projects, when fully utilized, have the potential to add approximately 100 million dollars to our annual sales.
  • Well, there are many questions last quarter on the impact of the California strawberry season.
  • I will share that this business is different now than in the past.
  • I continue to be pleased with our sales development efforts, and we are in advanced discussions with several large customers who will consume a sizable portion of the incremental volume.
  • For context, conventional strawberries grown in California represent less than five percent of our total company gross profit.

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Sunopta, Inc Stkl:nasdaq

You’re talking 12-plus months in order to order capital, get it installed and get it operating, as you saw from our projects. And so those are kind of two fundamental sort of long term not necessarily barriers to entry, but just obstacles for a quick resolution of the supply and demand imbalance that we see. At June 27, 2020, total debt was $448.9 million, down approximately $20 million from the first quarter and down $42 million from year-end 2019. Total debt reflects $219.1 million net of issuance costs of our second lien notes due in 2022; $202.3 million drawn on our global asset-based credit facility, with the balance representing smaller credit facilities, lease and other financing arrangements. As many of you know, the debt capital markets have been very strong recently.

We have begun the early stage work on refinancing our debt and we expect to be in a position to execute late this year. Our significant improvements in EBITDA to date and our expected continued improvements in EBITDA are a material asset in this process. In summary, we are confident in our refinancing opportunities. Loss attributable to common shareholders for the second quarter was $1.6 million or $0.02 per diluted share compared to a loss of $11.1 million or $0.13 per diluted share during the second quarter of 2019. On an adjusted basis, loss was $1.4 million or $0.02 per diluted share compared to a loss of $9 million or $0.10 per common share in the prior year. As Joe mentioned earlier, for the second quarter of 2020 adjusted EBITDA was $20.5 million compared to $10.1 million in the prior year.

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We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy Candidate Buy stocks STKL to a Strong Buy Candidate candidate. Second is much of the capital associated with this platform is long lead items, so it’s not something you can just pick up off the shelf and drop into a manufacturing facility.

We’re all certainly concerned about that at multiple levels, you know, first and foremost for our associates and and the operations of our facilities. But, you know, we’re going to continue to monitor and monitor it and work with our customers and and respond to their forecast. And, you know, today we have not seen any significant adjustment in their forecast as they think about a potential second wave. You know, on some levels, I hope we didn’t have enough capacity, but that would be a good problem to have. You know, we we are certainly encouraged by the consumer excuse me, the customer outreach that we had on that and customers interest in space. You know, at this juncture, our focus is on, you know, getting that new facility fully up and running and utilized.

Stock Money Flow

The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. Net money flow is the value of uptick trades minus the value of downtick trades. Our calculations are based on comprehensive, delayed quotes. Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price.

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The SunOpta stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.

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Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence . Thank you, operator, and thanks to all of you for participating in our second quarter conference call. Look forward to speaking to you in the near future and appreciate your interest and support in SunOpta. number one is we’re very pleased with our sales pipeline efforts to date and feel good about our ability to start-up those lines and have new business flowing against those new capabilities. To your second question, we’ve set ourselves a goal to have those new capabilities kind of fully utilized in 24 months.

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