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

Rogers Sugar Inc. (TSE:RSI) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.26 and traded as high as C$6.67. Rogers Sugar shares last traded at C$6.65, with a volume of 347,260 shares trading hands.

Analyst Upgrades and Downgrades

RSI has been the topic of several research analyst reports. Scotiabank cut shares of Rogers Sugar from a “hold” rating to a “strong sell” rating and decreased their target price for the stock from C$6.50 to C$6.00 in a research report on Friday, February 6th. National Bank Financial increased their price target on shares of 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. 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 note on Friday, November 28th. Finally, BMO Capital Markets upped their price objective 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. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$6.90.

Rogers Sugar Stock Up 0.9%

The firm has a 50-day simple moving average of C$6.28 and a 200 day simple moving average of C$6.26. The company has a market capitalization of C$852.64 million, a PE ratio of 11.27 and a beta of 0.77. The company has a debt-to-equity ratio of 92.00, a current ratio of 2.20 and a quick ratio of 0.56.

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

Rogers Sugar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders 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 dividend yield of 5.4%. Rogers Sugar’s dividend payout ratio (DPR) is currently 61.02%.

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.