Rogers Sugar (TSE:RSI) Shares Cross Above 200 Day Moving Average – Time to Sell?

Rogers Sugar Inc. (TSE:RSI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.64 and traded as high as C$7.01. Rogers Sugar shares last traded at C$6.97, with a volume of 238,781 shares.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded Rogers Sugar to a “hold” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Rogers Sugar has an average rating of “Hold” and an average price target of C$6.90.

Rogers Sugar Stock Performance

The stock has a market capitalization of C$894.01 million, a price-to-earnings ratio of 13.15 and a beta of 0.70. The company has a quick ratio of 0.56, a current ratio of 2.22 and a debt-to-equity ratio of 88.50. The stock’s 50-day simple moving average is C$6.90 and its 200 day simple moving average is C$6.64.

Rogers Sugar (TSE:RSI) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$280.62 million during the quarter. Rogers Sugar had a net margin of 5.58% and a return on equity of 14.94%. Analysts expect that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.36 dividend on an annualized basis and a yield of 5.2%. Rogers Sugar’s payout ratio is currently 67.92%.

Insider Buying and Selling at Rogers Sugar

In related news, insider Michael Walton sold 14,100 shares of Rogers Sugar stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of C$6.81, for a total value of C$96,021.00. Following the completion of the transaction, the insider directly owned 246,647 shares of the company’s stock, valued at C$1,679,666.07. The trade was a 5.41% decrease in their ownership of the stock. Insiders sold 58,000 shares of company stock valued at $395,419 in the last three months. Company insiders own 0.28% of the company’s stock.

Rogers Sugar Company Profile

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.