Rogers Sugar (TSE:RSI) Stock Price Crosses Above 200 Day Moving Average of $5.48

Rogers Sugar Inc. (TSE:RSI) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.48 and traded as high as C$5.76. Rogers Sugar shares last traded at C$5.58, with a volume of 241,599 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have commented on RSI shares. Desjardins raised Rogers Sugar from a “hold” rating to a “moderate buy” rating in a report on Friday, May 10th. National Bankshares raised their target price on Rogers Sugar from C$6.00 to C$6.25 and gave the company a “sector perform” rating in a research report on Monday, May 13th. TD Securities raised their target price on Rogers Sugar from C$6.50 to C$7.00 in a research report on Friday, May 10th. BMO Capital Markets raised their target price on Rogers Sugar from C$6.00 to C$7.00 and gave the company a “market perform” rating in a research report on Monday, May 13th. Finally, Scotiabank raised their target price on Rogers Sugar from C$6.00 to C$6.50 and gave the company a “sector perform” rating in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$6.60.

Rogers Sugar Stock Performance

The stock has a market cap of C$713.79 million, a PE ratio of 12.98 and a beta of 0.58. The company has a quick ratio of 0.56, a current ratio of 2.12 and a debt-to-equity ratio of 91.14. The stock has a 50-day moving average of C$5.61 and a 200 day moving average of C$5.48.

Rogers Sugar (TSE:RSI) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.17 EPS for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.06. Rogers Sugar had a return on equity of 15.14% and a net margin of 4.64%. The firm had revenue of C$300.94 million for the quarter, compared to the consensus estimate of C$303.80 million. Equities analysts predict that Rogers Sugar Inc. will post 0.5297347 EPS for the current fiscal year.

Rogers Sugar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Friday, June 28th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, June 28th. This represents a $0.36 dividend on an annualized basis and a yield of 6.45%. Rogers Sugar’s payout ratio is 83.72%.

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.