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

Rogers Sugar Inc. (TSE:RSI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.50 and traded as high as C$6.93. Rogers Sugar shares last traded at C$6.90, with a volume of 248,546 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded shares of Rogers Sugar to a “hold” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$6.90.

Rogers Sugar Stock Performance

The stock has a market cap of C$882.47 million, a PE ratio of 12.98 and a beta of 0.71. The company has a debt-to-equity ratio of 88.50, a current ratio of 2.22 and a quick ratio of 0.56. The stock has a 50-day simple moving average of C$6.74 and a 200-day simple moving average of C$6.50.

Rogers Sugar (TSE:RSI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$280.62 million for the quarter. Rogers Sugar had a return on equity of 14.94% and a net margin of 5.58%. Equities analysts predict that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a $0.09 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.36 annualized dividend and a yield of 5.2%. Rogers Sugar’s dividend payout ratio (DPR) is presently 67.92%.

Insiders Place Their Bets

In other Rogers Sugar news, insider Michael Walton sold 18,400 shares of Rogers Sugar stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of C$6.82, for a total transaction of C$125,488.00. Following the transaction, the insider directly owned 212,747 shares of the company’s stock, valued at C$1,450,934.54. The trade was a 7.96% decrease in their ownership of the stock. Insiders have sold 58,000 shares of company stock worth $395,419 over the last 90 days. Insiders own 0.28% of the company’s stock.

Rogers Sugar Company Profile

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic’s sugar products are mainly marketed under the ‘Lantic’ trademark in Eastern Canada, and the ‘Rogers’ trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.