Rogers Sugar (TSE:RSI) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Rogers Sugar Inc. (TSE:RSI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.73 and traded as high as C$5.73. Rogers Sugar shares last traded at C$5.71, with a volume of 217,876 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RSI shares. BMO Capital Markets increased their price target on shares of Rogers Sugar from C$6.50 to C$7.00 in a report on Friday, November 29th. Scotiabank raised Rogers Sugar to a “hold” rating in a research note on Friday, December 27th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$6.55.

Rogers Sugar Price Performance

The company has a debt-to-equity ratio of 100.31, a quick ratio of 0.56 and a current ratio of 1.66. The company has a market capitalization of C$730.42 million, a P/E ratio of 15.43 and a beta of 0.60. The firm’s fifty day moving average is C$5.90 and its 200 day moving average is C$5.73.

Rogers Sugar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 9th were issued a $0.09 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.36 annualized dividend and a dividend yield of 6.30%. Rogers Sugar’s payout ratio is 97.30%.

Insider Buying and Selling at Rogers Sugar

In related news, Senior Officer Patrick Dionne sold 50,352 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$6.37, for a total value of C$320,943.65. Also, Senior Officer Michael Walton sold 20,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of C$5.96, for a total value of C$119,200.00. 0.28% of the stock is currently owned by corporate insiders.

Rogers Sugar Company Profile

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.