Rogers Sugar Inc. (TSE:RSI - Get Free Report) 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$6.15. Rogers Sugar shares last traded at C$6.10, with a volume of 244,156 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on RSI shares. BMO Capital Markets raised their target price on Rogers Sugar from C$6.50 to C$7.00 in a research report on Friday, November 29th. Scotiabank set a C$6.25 price objective on Rogers Sugar and gave the company a "sector perform" rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$6.55.
Read Our Latest Research Report on RSI
Rogers Sugar Stock Up 1.2 %
The stock has a market capitalization of C$780.31 million, a price-to-earnings ratio of 16.49 and a beta of 0.60. The business has a 50-day moving average of C$5.78 and a 200-day moving average of C$5.71. The company has a debt-to-equity ratio of 100.31, a quick ratio of 0.56 and a current ratio of 1.66.
Rogers Sugar Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 9th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend is Friday, December 27th. Rogers Sugar's payout ratio is 97.30%.
Insiders Place Their Bets
In other news, Senior Officer Patrick Dionne sold 50,352 shares of Rogers Sugar stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$6.37, for a total value of C$320,943.65. Insiders own 0.28% of the company's stock.
Rogers Sugar Company Profile
(
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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.
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