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

Shares of Rogers Sugar Inc. (TSE:RSI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.32 and traded as low as C$6.32. Rogers Sugar shares last traded at C$6.34, with a volume of 225,578 shares trading hands.

Analysts Set New Price Targets

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

Rogers Sugar Stock Performance

The company has a market capitalization of C$819.30 million, a P/E ratio of 10.83 and a beta of 0.71. The company has a debt-to-equity ratio of 92.00, a current ratio of 2.20 and a quick ratio of 0.56. The stock’s 50 day simple moving average is C$6.59 and its two-hundred day simple moving average is C$6.32.

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

Rogers Sugar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.6%. Rogers Sugar’s payout ratio 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.