Rogers Sugar (TSE:RSI) Shares Pass Above 200-Day Moving Average – Should You Sell?

Rogers Sugar Inc. (TSE:RSI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$6.70 and traded as high as C$6.81. Rogers Sugar shares last traded at C$6.74, with a volume of 205,427 shares traded.

Analyst Upgrades and Downgrades

Separately, TD Securities raised Rogers Sugar to a “hold” rating in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of C$6.75.

Rogers Sugar Price Performance

The company has a debt-to-equity ratio of 89.42, a current ratio of 1.68 and a quick ratio of 0.56. The company has a fifty day moving average price of C$6.92 and a 200 day moving average price of C$6.71. The company has a market capitalization of C$882.47 million, a P/E ratio of 13.23 and a beta of 0.71.

Rogers Sugar (TSE:RSI) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. The business had revenue of C$293.69 million during the quarter. Rogers Sugar had a return on equity of 14.14% and a net margin of 5.48%. On average, sell-side analysts forecast that Rogers Sugar Inc. will post 0.5597668 EPS for the current fiscal year.

Rogers Sugar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.09 per share. The ex-dividend date was Friday, June 26th. This represents a $0.36 annualized dividend and a dividend yield of 5.2%. Rogers Sugar’s dividend payout ratio is currently 69.23%.

Insider Transactions at Rogers Sugar

In other Rogers Sugar news, insider Michael Walton sold 18,400 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$6.82, for a total transaction of C$125,488.00. Following the completion of the transaction, the insider directly owned 212,747 shares of the company’s stock, valued at C$1,450,934.54. The trade was a 7.96% decrease in their position. Over the last ninety days, insiders have sold 58,000 shares of company stock worth $395,419. Insiders own 0.28% of the company’s stock.

About Rogers Sugar

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic’s sugar products are mainly marketed under the ‘Lantic’ trademark in Eastern Canada, and the ‘Rogers’ trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.