Rogers Sugar (TSE:RSI) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of Rogers Sugar Inc. (TSE:RSI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.13 and traded as high as C$6.20. Rogers Sugar shares last traded at C$6.17, with a volume of 389,656 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. BMO Capital Markets upped their price target on Rogers Sugar from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a research note on Friday, November 28th. National Bankshares increased their target price on Rogers Sugar from C$6.25 to C$7.00 and gave the stock a “sector perform” rating in a research note on Friday, November 28th. Finally, TD Securities lowered Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 price target for the company. in a research report on Friday, November 28th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$6.90.

Rogers Sugar Price Performance

The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56. The firm has a market capitalization of C$790.88 million, a PE ratio of 12.59 and a beta of 0.69. The firm has a 50-day simple moving average of C$6.06 and a 200-day simple moving average of C$6.14.

Rogers Sugar (TSE:RSI) last released its quarterly earnings results on Thursday, November 27th. The company reported C$0.16 earnings per share for the quarter. Rogers Sugar had a net margin of 4.40% and a return on equity of 13.16%. As a group, equities analysts forecast that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current year.

Rogers Sugar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, January 14th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.8%. Rogers Sugar’s dividend payout ratio is 73.47%.

Rogers Sugar Company Profile

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.