Rogers Sugar (TSE:RSI) Stock Crosses Above 200 Day Moving Average – What’s Next?

Rogers Sugar Inc. (TSE:RSI)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.94 and traded as high as C$6.28. Rogers Sugar shares last traded at C$6.28, with a volume of 140,244 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Desjardins raised their price objective on shares of Rogers Sugar from C$7.25 to C$7.50 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$6.67.

Rogers Sugar Trading Up 1.3%

The stock’s 50-day moving average price is C$6.31 and its 200 day moving average price is C$5.94. The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56. The firm has a market capitalization of C$804.56 million, a PE ratio of 12.82 and a beta of 0.71.

Rogers Sugar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.36 dividend on an annualized basis and a yield of 5.7%. Rogers Sugar’s payout ratio is 73.47%.

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.