Rogers Sugar (TSE:RSI) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Rogers Sugar Inc. (TSE:RSI) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$6.07 and traded as low as C$5.88. Rogers Sugar shares last traded at C$5.95, with a volume of 243,272 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BMO Capital Markets boosted their price objective on Rogers Sugar from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a research note on Friday, November 28th. National Bankshares increased their price objective on shares of Rogers Sugar from C$6.25 to C$7.00 and gave the stock a “sector perform” rating in a report on Friday, November 28th. Finally, TD Securities cut shares of Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 price objective for the company. in a research report on Friday, November 28th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$6.90.

Rogers Sugar Price Performance

The stock has a market capitalization of C$762.68 million, a P/E ratio of 12.14 and a beta of 0.71. The company has a current ratio of 1.39, a quick ratio of 0.56 and a debt-to-equity ratio of 104.41. The company has a fifty day simple moving average of C$6.14 and a two-hundred day simple moving average of C$6.07.

Rogers Sugar (TSE:RSI) last issued its earnings results on Thursday, November 27th. The company reported C$0.16 earnings per share (EPS) for the quarter. Rogers Sugar had a net margin of 4.40% and a return on equity of 13.16%. Sell-side analysts expect that Rogers Sugar Inc. will post 0.5597668 EPS for the current fiscal year.

Rogers Sugar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, January 14th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.1%. Rogers Sugar’s dividend payout ratio is 73.47%.

Rogers Sugar Company Profile

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.