Rogers Sugar (TSE:RSI) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Rogers Sugar Inc. (TSE:RSI)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.07 and traded as low as C$5.88. Rogers Sugar shares last traded at C$5.95, with a volume of 243,272 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on RSI. BMO Capital Markets lifted their price objective on shares of 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. TD Securities lowered shares of Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 target price on the stock. in a report on Friday, November 28th. Finally, National Bankshares lifted their price target on shares of Rogers Sugar from C$6.25 to C$7.00 and gave the stock a “sector perform” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Rogers Sugar presently has an average rating of “Hold” and an average price target of C$6.90.

Rogers Sugar Trading Up 0.8%

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 firm has a market capitalization of C$762.68 million, a P/E ratio of 12.14 and a beta of 0.71. The business has a 50 day moving average of C$6.14 and a 200-day moving average of C$6.07.

Rogers Sugar (TSE:RSI) last issued its quarterly earnings data on Thursday, November 27th. The company reported C$0.16 earnings per share (EPS) for the quarter. Rogers Sugar had a net margin of 4.40% and a return on equity of 13.16%. Analysts anticipate that Rogers Sugar Inc. will post 0.5597668 EPS for the current fiscal year.

Rogers Sugar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, January 14th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Wednesday, December 24th. Rogers Sugar’s 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. 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.