Posted on October 17, 2019 by Sustainable Food News

Organic, natural food retailer and processor stocks slump

Shares of both Natural Grocers and SunOpta fell Wednesday

Shares of Natural Grocers by Vitamin Cottage, Inc. on Wednesday fell more than 3 percent to hit a new 52-week low of $8.40.

The Lakewood, Colo.-based organic and natural grocery chain (NYSE:NGVC) of 153 stores in 19 states saw its stock, which has a 52-week high of $24.50, close Wednesday at $8.44. The company has a market cap of $189.5 million.

Earlier this month, NGVC rolled out a new ranking system that identifies meat and seafood products as bronze, silver and gold.

Meanwhile, shares of organic food processor SunOpta Inc. continue to fall to new 10-year lows. The company’s stock closed Wednesday at $1.36, after falling to $1.30 – its lowest since spring of 2009. The company’s shares have a 52-week high of $7.74. SunOpta has a market cap of $119.6 million.

Toronto-based SunOpta (NASDAQ:STKL) is a vertically integrated company involved in the sourcing, processing and packaging of organic and non-GMO value-added grain, seed, fruit and vegetable-based food products such as frozen fruit and plant-based beverages, as well as fruit snacks and nutrition bars for retail, foodservice and branded food customers.

In August, SunOpta reported a second quarter adjusted loss of $9 million, or $0.10 per share, on revenues of $293 million, down 8.2 percent.

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