Rogers Sugar (TSE:RSI) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Rogers Sugar Inc. (TSE:RSI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.11 and traded as high as C$6.19. Rogers Sugar shares last traded at C$6.12, with a volume of 126,771 shares trading hands.

Wall Street Analysts Forecast Growth

RSI has been the subject of several research reports. National Bankshares lifted their price target on Rogers Sugar from C$6.25 to C$7.00 and gave the company a “sector perform” rating in a report on Friday, November 28th. BMO Capital Markets increased their price objective on Rogers Sugar from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a report on Friday, November 28th. Finally, TD Securities lowered shares of Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 price objective on the stock. in a research report on Friday, November 28th. One research 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 stock presently has an average rating of “Hold” and a consensus price target of C$6.90.

Rogers Sugar Trading Down 0.8%

The company has a fifty day simple moving average of C$6.08 and a two-hundred day simple moving average of C$6.11. The company has a market capitalization of C$784.47 million, a P/E ratio of 12.49 and a beta of 0.69. The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56.

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

Rogers Sugar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, January 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 5.9%. The ex-dividend date was Wednesday, December 24th. Rogers Sugar’s dividend payout ratio (DPR) 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.