Rogers Sugar (TSE:RSI) Stock Price Passes Above 200 Day Moving Average of $5.69

Shares of Rogers Sugar Inc (TSE:RSI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.69 and traded as high as $5.43. Rogers Sugar shares last traded at $5.35, with a volume of 58,694 shares.

A number of equities analysts recently issued reports on RSI shares. National Bank Financial lowered their price target on Rogers Sugar from C$5.50 to C$5.25 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. TD Securities lowered their price target on Rogers Sugar from C$6.00 to C$5.50 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Desjardins lowered their price target on Rogers Sugar from C$6.00 to C$5.25 in a report on Friday, August 2nd. Finally, BMO Capital Markets lowered their price target on Rogers Sugar from C$5.50 to C$5.00 in a report on Friday, August 2nd.

The company has a debt-to-equity ratio of 100.89, a current ratio of 1.79 and a quick ratio of 0.46. The stock has a market cap of $561.79 million and a price-to-earnings ratio of 13.85. The stock’s 50-day moving average is C$5.38 and its 200 day moving average is C$5.69.

Rogers Sugar (TSE:RSI) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$191.45 million for the quarter, compared to analysts’ expectations of C$214.20 million. Analysts anticipate that Rogers Sugar Inc will post 0.44 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Monday, October 21st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.36 annualized dividend and a dividend yield of 6.72%. Rogers Sugar’s dividend payout ratio is presently 93.02%.

In other news, Director M. Dallas H. Ross sold 27,400 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$5.20, for a total transaction of C$142,480.00. Following the completion of the sale, the director now directly owns 85,403 shares of the company’s stock, valued at approximately C$444,095.60.

Rogers Sugar Company Profile (TSE:RSI)

Rogers Sugar Inc, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar and maple products. It offers granulated, plantation raw, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar, as well as syrups, jam and jelly mixes, iced tea mixes, and hot chocolate mixes.

See Also: Price to Earnings Ratio (PE) Basics

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