Rogers Sugar (TSE:RSI) Stock Price Passes Above Two Hundred 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 Thursday . The stock has a 200-day moving average of C$6.27 and traded as high as C$6.59. Rogers Sugar shares last traded at C$6.50, with a volume of 260,863 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RSI. TD Securities cut Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 price target for the company. in a report on Friday, November 28th. BMO Capital Markets boosted their price objective on shares of Rogers Sugar from C$6.50 to C$7.00 and gave the company a “market perform” rating in a report on Friday, November 28th. National Bank Financial upped their target price 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, Scotiabank cut shares of Rogers Sugar from a “hold” rating to a “strong sell” rating and dropped their price target for the company from C$6.50 to C$6.00 in a research report on Friday, February 6th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Rogers Sugar currently has a consensus rating of “Hold” and a consensus target price of C$6.90.

Rogers Sugar Stock Performance

The company has a quick ratio of 0.56, a current ratio of 2.20 and a debt-to-equity ratio of 92.00. The firm has a 50-day moving average price of C$6.36 and a 200 day moving average price of C$6.27. The firm has a market capitalization of C$833.40 million, a PE ratio of 11.02 and a beta of 0.89.

Rogers Sugar (TSE:RSI) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$0.19 earnings per share (EPS) for the quarter. Rogers Sugar had a return on equity of 16.98% and a net margin of 6.00%.The firm had revenue of C$298.19 million for the quarter. Research analysts expect that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current year.

Rogers Sugar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, January 14th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, December 24th. This represents a $0.36 dividend on an annualized basis and a yield of 5.5%. Rogers Sugar’s dividend payout ratio is 61.02%.

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.