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$5.71 and traded as high as C$6.02. Rogers Sugar shares last traded at C$6.01, with a volume of 115,662 shares trading hands.
Several equities research analysts have recently issued reports on the company. Scotiabank raised their price objective on Rogers Sugar from C$5.50 to C$6.00 in a report on Friday, November 26th. BMO Capital Markets raised their price objective on Rogers Sugar from C$5.75 to C$6.00 in a research report on Friday, November 26th. Finally, National Bankshares raised their price objective on Rogers Sugar from C$5.00 to C$5.25 and gave the company a “sector perform” rating in a research report on Tuesday, November 23rd.
The company has a market cap of C$623.16 million and a P/E ratio of 13.60. The stock has a fifty day moving average price of C$5.91 and a two-hundred day moving average price of C$5.71. The company has a debt-to-equity ratio of 115.16, a current ratio of 2.33 and a quick ratio of 0.84.
In other news, Senior Officer Michael Walton bought 45,000 shares of the company’s stock in a transaction that occurred on Friday, December 17th. The shares were purchased at an average price of C$5.61 per share, with a total value of C$252,450.00. Following the completion of the acquisition, the insider now directly owns 96,106 shares in the company, valued at C$539,154.66.
Rogers Sugar Company Profile (TSE:RSI)
Rogers Sugar Inc, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar and maple products. The company operates through two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.
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