Rogers Sugar (TSE:RSI) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Rogers Sugar Inc. (TSE:RSI)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.75 and traded as high as C$5.89. Rogers Sugar shares last traded at C$5.87, with a volume of 209,650 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RSI shares. Scotiabank raised Rogers Sugar to a “hold” rating in a report on Friday, December 27th. BMO Capital Markets increased their price objective on shares of Rogers Sugar from C$6.50 to C$7.00 in a research note on Friday, November 29th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Rogers Sugar has a consensus rating of “Hold” and an average price target of C$6.55.

Rogers Sugar Stock Down 2.0 %

The company has a quick ratio of 0.56, a current ratio of 1.66 and a debt-to-equity ratio of 100.31. The company has a fifty day simple moving average of C$5.92 and a 200-day simple moving average of C$5.75. The firm has a market cap of C$735.54 million, a P/E ratio of 15.54 and a beta of 0.60.

Rogers Sugar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 9th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend was Friday, December 27th. Rogers Sugar’s dividend payout ratio is 97.30%.

Insider Buying and Selling at Rogers Sugar

In other Rogers Sugar news, Senior Officer Patrick Dionne sold 50,352 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$6.37, for a total transaction of C$320,943.65. Also, Senior Officer Michael Walton sold 20,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of C$5.96, for a total value of C$119,200.00. Insiders own 0.28% of the company’s stock.

About Rogers Sugar

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.