Rogers Sugar (TSE:RSI) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of Rogers Sugar Inc. (TSE:RSI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.97 and traded as high as C$6.37. Rogers Sugar shares last traded at C$6.35, with a volume of 195,374 shares.

Analysts Set New Price Targets

Separately, Desjardins boosted their price objective on Rogers Sugar from C$7.25 to C$7.50 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Rogers Sugar has an average rating of “Hold” and an average price target of C$6.67.

Rogers Sugar Stock Performance

The company has a debt-to-equity ratio of 104.41, a quick ratio of 0.56 and a current ratio of 1.39. The firm’s 50-day moving average price is C$6.30 and its two-hundred day moving average price is C$5.98. The stock has a market cap of C$810.96 million, a price-to-earnings ratio of 12.92 and a beta of 0.71.

Rogers Sugar Announces Dividend

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