Rogers Sugar (TSE:RSI) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Rogers Sugar Inc. (TSE:RSI)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.09 and traded as high as C$6.19. Rogers Sugar shares last traded at C$6.12, with a volume of 385,746 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RSI shares. BMO Capital Markets increased their price target on shares of 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 raised their price target on shares of Rogers Sugar from C$6.25 to C$7.00 and gave the company a “sector perform” rating in a research report on Friday, November 28th. Finally, TD Securities downgraded shares of Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 price target on the stock. in a report on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$6.90.

Rogers Sugar Price Performance

The stock has a market cap of C$784.47 million, a PE ratio of 12.49 and a beta of 0.69. The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56. The firm has a 50-day moving average of C$6.09 and a 200-day moving average of C$6.09.

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

Rogers Sugar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, January 14th were issued a $0.09 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.9%. Rogers Sugar’s payout ratio is presently 73.47%.

About Rogers Sugar

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.