Rogers Sugar (TSE:RSI) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Rogers Sugar Inc. (TSE:RSI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.27 and traded as high as C$6.59. Rogers Sugar shares last traded at C$6.50, with a volume of 260,863 shares trading hands.

Analyst Upgrades and Downgrades

RSI has been the topic of a number of recent research reports. TD Securities cut Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 price objective on the stock. in a research note on Friday, November 28th. BMO Capital Markets increased their target price on Rogers Sugar from C$6.50 to C$7.00 and gave the company a “market perform” rating in a report on Friday, November 28th. National Bank Financial increased their target price 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. Finally, Scotiabank lowered Rogers Sugar from a “hold” rating to a “strong sell” rating and reduced their price target for the stock from C$6.50 to C$6.00 in a research report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$6.90.

Rogers Sugar Stock Performance

The firm has a market cap of C$837.25 million, a P/E ratio of 11.07 and a beta of 0.89. The company has a current ratio of 2.20, a quick ratio of 0.56 and a debt-to-equity ratio of 92.00. The business’s fifty day simple moving average is C$6.37 and its 200-day simple moving average is C$6.27.

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

Rogers Sugar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, January 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.36 dividend on an annualized basis and a yield of 5.5%. Rogers Sugar’s dividend payout ratio is presently 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.