Rogers Sugar (TSE:RSI) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Rogers Sugar Inc. (TSE:RSI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.35 and traded as high as C$6.74. Rogers Sugar shares last traded at C$6.67, with a volume of 252,815 shares.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RSI shares. TD Securities upgraded Rogers Sugar to a “hold” rating in a report on Monday, May 11th. Scotiabank cut 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 report on Friday, February 6th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$6.90.

Rogers Sugar Stock Performance

The company has a market capitalization of C$855.53 million, a P/E ratio of 12.58 and a beta of 0.78. The company has a debt-to-equity ratio of 88.50, a current ratio of 2.22 and a quick ratio of 0.56. The company has a fifty day moving average price of C$6.58 and a two-hundred day moving average price of C$6.35.

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

Rogers Sugar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a $0.09 dividend. The ex-dividend date was Friday, March 27th. This represents a $0.36 annualized dividend and a yield of 5.4%. Rogers Sugar’s dividend payout ratio is presently 67.92%.

Rogers Sugar Company Profile

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.