Rogers Sugar (TSE:RSI) Shares Pass Above 200-Day Moving Average of $5.66

Shares of Rogers Sugar Inc (TSE:RSI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.66 and traded as high as $5.44. Rogers Sugar shares last traded at $5.38, with a volume of 57,694 shares.

A number of equities analysts have issued reports on the company. BMO Capital Markets lowered their target price on Rogers Sugar from C$5.50 to C$5.00 in a report on Friday, August 2nd. National Bank Financial lowered their target price on Rogers Sugar from C$5.50 to C$5.25 and set a “sector perform” rating for the company in a report on Friday, August 2nd. TD Securities lowered their target price on Rogers Sugar from C$6.00 to C$5.50 and set a “hold” rating for the company in a report on Tuesday, August 6th. Finally, Desjardins lowered their target price on Rogers Sugar from C$6.00 to C$5.25 in a report on Friday, August 2nd.

The stock has a fifty day simple moving average of C$5.40 and a 200-day simple moving average of C$5.66. The stock has a market cap of $572.29 million and a P/E ratio of 14.08. The company has a debt-to-equity ratio of 100.89, a quick ratio of 0.46 and a current ratio of 1.79.

Rogers Sugar (TSE:RSI) last released its earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) for the quarter. The firm had revenue of C$191.45 million for the quarter, compared to the consensus estimate of C$214.20 million. On average, research analysts anticipate that Rogers Sugar Inc will post 0.44 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, October 21st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date of this dividend is Thursday, September 26th. Rogers Sugar’s dividend payout ratio (DPR) is presently 93.02%.

In other Rogers Sugar news, Director M. Dallas H. Ross sold 27,400 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$5.20, for a total transaction of C$142,480.00. Following the completion of the transaction, the director now owns 85,403 shares in the company, valued at approximately C$444,095.60.

About Rogers Sugar (TSE:RSI)

Rogers Sugar Inc, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar and maple products. It offers granulated, plantation raw, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar, as well as syrups, jam and jelly mixes, iced tea mixes, and hot chocolate mixes.

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