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

Rogers Sugar Inc. (TSE:RSI)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.28 and traded as high as C$6.68. Rogers Sugar shares last traded at C$6.68, with a volume of 449,878 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RSI. National Bank Financial lifted their target price on Rogers Sugar from C$6.25 to C$7.00 and gave the stock a “sector perform” rating in a report on Friday, November 28th. Scotiabank lowered shares of Rogers Sugar from a “hold” rating to a “strong sell” rating and reduced their price target for the stock from C$6.50 to C$6.00 in a research report on Friday, February 6th. TD Securities cut shares of Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 price objective for the company. in a research note on Friday, November 28th. Finally, BMO Capital Markets upped their price objective on shares of Rogers Sugar from C$6.50 to C$7.00 and gave the company a “market perform” rating in a report on Friday, November 28th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$6.90.

Rogers Sugar Stock Up 1.5%

The stock has a market cap of C$856.48 million, a PE ratio of 11.32 and a beta of 0.89. The business has a 50 day moving average price of C$6.43 and a 200 day moving average price of C$6.28. The company has a quick ratio of 0.56, a current ratio of 2.20 and a debt-to-equity ratio of 92.00.

Rogers Sugar (TSE:RSI) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$0.19 earnings per share for the quarter. The company had revenue of C$298.19 million during the quarter. Rogers Sugar had a return on equity of 16.98% and a net margin of 6.00%. Equities research analysts expect that Rogers Sugar Inc. will post 0.5597668 EPS for the current fiscal year.

Rogers Sugar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.36 dividend on an annualized basis and a yield of 5.4%. Rogers Sugar’s payout ratio is presently 61.02%.

About Rogers Sugar

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.