Rogers Sugar (TSE:RSI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Rogers Sugar Inc. (TSE:RSI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.67 and traded as high as C$5.68. Rogers Sugar shares last traded at C$5.67, with a volume of 266,844 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Scotiabank lowered their price target 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. BMO Capital Markets decreased their price target on Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating for the company in a research note on Friday, February 7th.

Rogers Sugar Price Performance

The company has a 50 day moving average of C$5.53 and a 200-day moving average of C$5.67. The firm has a market capitalization of C$723.48 million, a P/E ratio of 12.98 and a beta of 0.60. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 16th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 6.35%. The ex-dividend date was Friday, March 28th. Rogers Sugar’s dividend payout ratio (DPR) is currently 82.41%.

About Rogers Sugar

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.