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

Shares of Rogers Sugar Inc. (TSE:RSI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.33 and traded as high as C$6.53. Rogers Sugar shares last traded at C$6.52, with a volume of 330,144 shares.

Analyst Ratings Changes

Separately, Scotiabank downgraded shares of Rogers Sugar from a “hold” rating to a “strong sell” rating and dropped their target price for the stock from C$6.50 to C$6.00 in a report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$6.90.

Rogers Sugar Stock Up 0.2%

The company has a debt-to-equity ratio of 92.00, a quick ratio of 0.56 and a current ratio of 2.20. The stock has a market capitalization of C$835.97 million, a price-to-earnings ratio of 11.05 and a beta of 0.78. The firm’s fifty day simple moving average is C$6.57 and its 200 day simple moving average is C$6.33.

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

Rogers Sugar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, March 27th. 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.