Rogers Sugar (TSE:RSI) Stock Crosses Below Two Hundred Day Moving Average of $6.10

Rogers Sugar Inc. (TSE:RSIGet Rating)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.10 and traded as low as C$6.06. Rogers Sugar shares last traded at C$6.06, with a volume of 107,301 shares trading hands.

RSI has been the topic of several recent analyst reports. Desjardins reaffirmed a “hold” rating on shares of Rogers Sugar in a research note on Friday, May 13th. National Bankshares upped their price target on Rogers Sugar from C$5.25 to C$5.75 and gave the company a “sector perform” rating in a research note on Wednesday, May 4th.

The company has a 50 day moving average of C$6.20 and a 200-day moving average of C$6.10. The company has a debt-to-equity ratio of 120.70, a quick ratio of 0.84 and a current ratio of 2.43. The stock has a market cap of C$629.34 million and a price-to-earnings ratio of 13.39.

Rogers Sugar (TSE:RSIGet Rating) last posted its earnings results on Thursday, May 12th. The company reported C$0.09 earnings per share (EPS) for the quarter. The firm had revenue of C$253.34 million for the quarter, compared to analyst estimates of C$223.80 million. On average, research analysts anticipate that Rogers Sugar Inc. will post 0.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 13th. Investors of record on Thursday, June 30th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend is Wednesday, June 29th. Rogers Sugar’s payout ratio is 79.82%.

In related news, Senior Officer John Holliday sold 30,400 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of C$6.39, for a total transaction of C$194,256.00. Following the transaction, the insider now owns 154,914 shares of the company’s stock, valued at approximately C$989,900.46. In the last three months, insiders have sold 234,200 shares of company stock worth $1,476,496.

Rogers Sugar Company Profile (TSE:RSI)

Rogers Sugar Inc engages in refining, packaging, and marketing sugar and maple products. The company operates through two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.

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