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

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$6.76 and traded as high as C$6.85. Rogers Sugar shares last traded at C$6.80, with a volume of 152,487 shares traded.

Rogers Sugar Stock Performance

The firm has a market cap of C$861.24 million, a P/E ratio of 12.88 and a beta of 0.70. The company has a current ratio of 1.68, a quick ratio of 0.56 and a debt-to-equity ratio of 89.42. The company’s 50-day moving average is C$6.90 and its two-hundred day moving average is C$6.76.

Rogers Sugar (TSE:RSI) last announced its earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. The company had revenue of C$293.69 million for the quarter. Rogers Sugar had a return on equity of 14.14% and a net margin of 5.48%. As a group, equities analysts predict that Rogers Sugar Inc. will post 0.5597668 EPS for the current fiscal year.

Rogers Sugar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.09 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.36 annualized dividend and a yield of 5.4%. Rogers Sugar’s dividend payout ratio (DPR) is 69.23%.

Insider Activity at Rogers Sugar

In other news, insider Michael Walton sold 56,200 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of C$6.81, for a total value of C$382,722.00. Following the transaction, the insider owned 232,747 shares in the company, valued at C$1,585,007.07. The trade was a 19.45% decrease in their position. Over the last quarter, insiders have sold 265,262 shares of company stock worth $1,813,573. 0.28% of the stock is owned by company insiders.

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.