Rogers Sugar (TSE:RSI) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Rogers Sugar Inc. (TSE:RSI)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.50 and traded as high as C$6.93. Rogers Sugar shares last traded at C$6.90, with a volume of 248,546 shares.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded shares of Rogers Sugar to a “hold” rating in a research note on Monday, May 11th. 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 stock. Based on data from MarketBeat.com, Rogers Sugar has an average rating of “Hold” and a consensus target price of C$6.90.

Rogers Sugar Trading Up 1.0%

The company has a debt-to-equity ratio of 88.50, a quick ratio of 0.56 and a current ratio of 2.22. The stock has a market cap of C$885.04 million, a PE ratio of 13.02 and a beta of 0.71. The stock has a fifty day moving average price of C$6.73 and a 200 day moving average price of C$6.50.

Rogers Sugar (TSE:RSI) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.14 EPS for the quarter. Rogers Sugar had a net margin of 5.58% and a return on equity of 14.94%. The firm had revenue of C$280.62 million during the quarter. Equities analysts expect that Rogers Sugar Inc. will post 0.5597668 EPS for the current year.

Rogers Sugar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, June 26th. Rogers Sugar’s payout ratio is currently 67.92%.

Insider Transactions at Rogers Sugar

In other Rogers Sugar news, insider Michael Walton sold 14,100 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$6.81, for a total value of C$96,021.00. Following the transaction, the insider directly owned 246,647 shares in the company, valued at C$1,679,666.07. This represents a 5.41% decrease in their position. Over the last three months, insiders have sold 58,000 shares of company stock valued at $395,419. 0.28% of the stock is owned by insiders.

About Rogers Sugar

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic’s sugar products are mainly marketed under the ‘Lantic’ trademark in Eastern Canada, and the ‘Rogers’ trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.