Rogers Sugar (TSE:RSI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Rogers Sugar Inc. (TSE:RSI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.71 and traded as high as C$6.15. Rogers Sugar shares last traded at C$6.10, with a volume of 244,156 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on RSI. Scotiabank set a C$6.25 price target on shares of Rogers Sugar and gave the company a “sector perform” rating in a research report on Wednesday, November 27th. BMO Capital Markets boosted their price target on shares of Rogers Sugar from C$6.50 to C$7.00 in a research report on Friday, November 29th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Rogers Sugar currently has an average rating of “Hold” and an average price target of C$6.55.

Rogers Sugar Price Performance

The stock’s 50-day simple moving average is C$5.78 and its 200 day simple moving average is C$5.71. The company has a quick ratio of 0.56, a current ratio of 1.66 and a debt-to-equity ratio of 100.31. The company has a market cap of C$780.31 million, a price-to-earnings ratio of 16.49 and a beta of 0.60.

Rogers Sugar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 9th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.36 dividend on an annualized basis and a yield of 5.90%. Rogers Sugar’s payout ratio is currently 97.30%.

Insider Buying and Selling at Rogers Sugar

In other news, Senior Officer Patrick Dionne sold 50,352 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$6.37, for a total transaction of C$320,943.65. 0.28% of the stock is currently owned by corporate insiders.

Rogers Sugar Company Profile

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.