M. Dallas H. Ross Purchases 150,000 Shares of Rogers Sugar Inc. (TSE:RSI) Stock

Rogers Sugar Inc. (TSE:RSI - Get Free Report) Director M. Dallas H. Ross bought 150,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of C$5.42 per share, with a total value of C$813,000.00.

Rogers Sugar Trading Down 0.4 %

Shares of RSI stock traded down C$0.02 during trading hours on Friday, reaching C$5.56. The company's stock had a trading volume of 359,012 shares, compared to its average volume of 297,249. The company has a current ratio of 1.39, a quick ratio of 0.56 and a debt-to-equity ratio of 104.41. Rogers Sugar Inc. has a one year low of C$5.12 and a one year high of C$6.47. The stock has a market capitalization of C$709.44 million, a P/E ratio of 12.73 and a beta of 0.60. The firm's fifty day simple moving average is C$5.77 and its 200 day simple moving average is C$5.73.

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 dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend was Friday, December 27th. Rogers Sugar's payout ratio is currently 82.41%.

Analyst Ratings Changes

Several research firms have issued reports on RSI. BMO Capital Markets cut their price target on shares of Rogers Sugar from C$7.00 to C$6.50 and set a "market perform" rating for the company in a research report on Friday, February 7th. Scotiabank dropped their target price on Rogers Sugar from C$6.25 to C$6.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$6.40.

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.