Rogers Sugar (TSE:RSI) Share Price Crosses Above 200-Day Moving Average of $5.52

Rogers Sugar Inc. (TSE:RSI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.52 and traded as high as C$5.60. Rogers Sugar shares last traded at C$5.55, with a volume of 144,298 shares.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RSI. BMO Capital Markets upped their price objective on shares of Rogers Sugar from C$6.00 to C$7.00 and gave the company a "market perform" rating in a report on Monday, May 13th. Desjardins raised shares of Rogers Sugar from a "hold" rating to a "moderate buy" rating in a report on Friday, May 10th. National Bankshares lifted their price objective on shares of Rogers Sugar from C$6.00 to C$6.25 and gave the stock a "sector perform" rating in a research note on Monday, May 13th. Scotiabank raised their target price on Rogers Sugar from C$6.00 to C$6.50 and gave the stock a "sector perform" rating in a research note on Monday, May 13th. Finally, TD Securities boosted their price target on Rogers Sugar from C$6.50 to C$7.00 in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$6.60.

Rogers Sugar Trading Down 0.9 %

The stock has a market cap of C$703.56 million, a PE ratio of 14.86 and a beta of 0.60. The company's fifty day moving average is C$5.64 and its 200-day moving average is C$5.52. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Friday, September 27th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 6.55%. The ex-dividend date of this dividend is Friday, September 27th. Rogers Sugar's dividend payout ratio is currently 97.30%.

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.