Rogers Sugar (TSE:RSI) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Rogers Sugar Inc. (TSE:RSI) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$6.69 and traded as high as C$6.78. Rogers Sugar shares last traded at C$6.74, with a volume of 345,270 shares traded.

Rogers Sugar Stock Up 1.2%

The firm’s 50-day moving average is C$6.69 and its two-hundred day moving average is C$6.69. The company has a debt-to-equity ratio of 89.42, a quick ratio of 0.56 and a current ratio of 1.68. The stock has a market cap of C$866.39 million, a P/E ratio of 12.96 and a beta of 0.62.

Rogers Sugar (TSE:RSI) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.13 EPS for the quarter. The firm had revenue of C$293.69 million for the quarter. Rogers Sugar had a return on equity of 14.14% and a net margin of 5.48%. On average, equities research analysts anticipate that Rogers Sugar Inc. will post 0.56 earnings per share for the current year.

Rogers Sugar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Wednesday, October 21st were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.3%. Rogers Sugar’s dividend payout ratio is 69.23%.

Insider Activity at Rogers Sugar

In other Rogers Sugar news, insider Louis Turenne sold 27,692 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of C$6.71, for a total value of C$185,813.32. Following the sale, the insider directly owned 18,896 shares in the company, valued at approximately C$126,792.16. This trade represents a 59.44% decrease in their ownership of the stock. Also, insider Michael Walton sold 23,100 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of C$6.87, for a total transaction of C$158,697.00. Following the completion of the sale, the insider owned 232,147 shares of the company’s stock, valued at approximately C$1,594,849.89. This represents a 9.05% decrease in their position. Insiders sold 292,954 shares of company stock valued at $1,999,387 in the last ninety days. Insiders own 0.28% of the company’s stock.

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.