Rogers Sugar (TSE:RSI) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Rogers Sugar Inc. (TSE:RSI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.13 and traded as high as C$6.20. Rogers Sugar shares last traded at C$6.17, with a volume of 389,656 shares changing hands.

Wall Street Analyst Weigh In

RSI has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on Rogers Sugar from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a report on Friday, November 28th. National Bankshares lifted their target price on Rogers Sugar from C$6.25 to C$7.00 and gave the stock a “sector perform” rating in a research note on Friday, November 28th. Finally, TD Securities lowered Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 target price on the stock. in a report on Friday, November 28th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$6.90.

Rogers Sugar Trading Down 0.2%

The business has a fifty day moving average price of C$6.06 and a 200-day moving average price of C$6.13. The company has a quick ratio of 0.56, a current ratio of 1.39 and a debt-to-equity ratio of 104.41. The company has a market cap of C$790.88 million, a P/E ratio of 12.59 and a beta of 0.69.

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

Rogers Sugar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, January 14th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.8%. Rogers Sugar’s dividend payout ratio (DPR) is currently 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.