Rogers Sugar (TSE:RSI) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Rogers Sugar Inc. (TSE:RSI) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.75 and traded as high as C$5.89. Rogers Sugar shares last traded at C$5.87, with a volume of 209,650 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RSI shares. Scotiabank raised Rogers Sugar to a “hold” rating in a report on Friday, December 27th. BMO Capital Markets upped their target price on Rogers Sugar from C$6.50 to C$7.00 in a research report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$6.55.

Rogers Sugar Price Performance

The firm has a 50-day simple moving average of C$5.92 and a two-hundred day simple moving average of C$5.75. The company has a market capitalization of C$750.89 million, a price-to-earnings ratio of 15.86 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 0.56 and a debt-to-equity ratio of 100.31.

Rogers Sugar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 9th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.36 annualized dividend and a yield of 6.13%. Rogers Sugar’s dividend payout ratio is presently 97.30%.

Insider Activity

In other news, Senior Officer Patrick Dionne sold 50,352 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$6.37, for a total transaction of C$320,943.65. Also, Senior Officer Michael Walton sold 20,000 shares of Rogers Sugar stock in a transaction dated Friday, December 20th. The shares were sold at an average price of C$5.96, for a total value of C$119,200.00. Insiders own 0.28% of the company’s stock.

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.