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

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 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.

Analysts Set New Price Targets

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

Rogers Sugar Trading Up 1.6 %

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

Rogers Sugar Announces Dividend

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

Insider Activity

In other Rogers Sugar news, Senior Officer Michael Walton sold 20,000 shares of the business’s 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. Also, Senior Officer Patrick Dionne sold 50,352 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$6.37, for a total transaction of C$320,943.65. Company 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.