Rogers Sugar (TSE:RSI) Hits New 1-Year High – Here’s What Happened

Shares of Rogers Sugar Inc. (TSE:RSI) reached a new 52-week high during trading on Monday . The stock traded as high as C$6.99 and last traded at C$6.93, with a volume of 185862 shares changing hands. The stock had previously closed at C$6.93.

Analyst Upgrades and Downgrades

Separately, TD Securities raised shares of Rogers Sugar to a “hold” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rogers Sugar presently has a consensus rating of “Hold” and a consensus price target of C$6.90.

Rogers Sugar Stock Up 0.7%

The company has a market capitalization of C$895.30 million, a PE ratio of 13.17 and a beta of 0.71. The company has a current ratio of 2.22, a quick ratio of 0.56 and a debt-to-equity ratio of 88.50. The firm has a 50 day simple moving average of C$6.64 and a two-hundred day simple moving average of C$6.42.

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 return on equity of 14.94% and a net margin of 5.58%.The business had revenue of C$280.62 million during the quarter. Research analysts expect that Rogers Sugar Inc. will post 0.5597668 EPS for the current year.

Rogers Sugar Announces Dividend

The company 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 $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, June 26th. Rogers Sugar’s dividend payout ratio (DPR) is 67.92%.

Insider Buying and Selling at Rogers Sugar

In other news, insider Michael Walton sold 14,100 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$6.81, for a total transaction 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. The trade was a 5.41% decrease in their ownership of the stock. Insiders have sold a total of 58,000 shares of company stock valued at $395,419 over the last quarter. 0.28% of the stock is owned by insiders.

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.