Rogers Sugar (TSE:RSI) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Rogers Sugar Inc. (TSE:RSI) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.87 and traded as high as C$6.33. Rogers Sugar shares last traded at C$6.32, with a volume of 141,143 shares.

Wall Street Analyst Weigh In

Separately, Desjardins boosted their price target on Rogers Sugar from C$7.25 to C$7.50 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Rogers Sugar presently has a consensus rating of “Hold” and a consensus target price of C$6.67.

Rogers Sugar Trading Up 0.3%

The stock has a market capitalization of C$809.68 million, a P/E ratio of 12.90 and a beta of 0.65. The company has a current ratio of 1.39, a quick ratio of 0.56 and a debt-to-equity ratio of 104.41. The company has a 50-day moving average price of C$6.34 and a 200 day moving average price of C$5.87.

Rogers Sugar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, September 26th. Rogers Sugar’s payout ratio is presently 73.47%.

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.