Rogers Sugar (TSE:RSI) Share Price Breaks Below 200-Day Moving Average - Here's What Happened

Key Points

• Rogers Sugar shares fell below their 200-day moving average, reaching C$6.66 before last trading at C$6.68, compared with the C$6.76 long-term average.
• The company reported quarterly revenue of C$293.69 million and earnings of C$0.13 per share, while analysts expect approximately C$0.56 in full-year EPS.
• Rogers Sugar declared a quarterly dividend of C$0.09 per share, equivalent to C$0.36 annually and a 5.4% yield; insiders have sold nearly 293,000 shares over the past 90 days.

Rogers Sugar Inc. (TSE:RSI - Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$6.76 and traded as low as C$6.66. Rogers Sugar shares last traded at C$6.68, with a volume of 148,405 shares changing hands.

Rogers Sugar Trading Up 0.3%

The company has a quick ratio of 0.56, a current ratio of 1.68 and a debt-to-equity ratio of 89.42. The company has a market capitalization of C$858.67 million, a P/E ratio of 12.85 and a beta of 0.67. The firm's 50-day moving average price is C$6.75 and its 200 day moving average price is C$6.76.

Rogers Sugar (TSE:RSI - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share for the quarter. Rogers Sugar had a net margin of 5.48% and a return on equity of 14.14%. The business had revenue of C$293.69 million for the quarter. As a group, equities research analysts predict that Rogers Sugar Inc. will post 0.56 earnings per share for the current year.

Rogers Sugar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Wednesday, October 21st will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, October 2nd. This represents a $0.36 annualized dividend and a yield of 5.4%. Rogers Sugar's dividend payout ratio (DPR) is 69.23%.

Insiders Place Their Bets

In other Rogers Sugar news, insider Louis Turenne sold 27,692 shares of Rogers Sugar stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of C$6.71, for a total transaction of C$185,813.32. Following the transaction, the insider directly owned 18,896 shares of the company's stock, valued at C$126,792.16. The trade was a 59.44% decrease in their position. Also, insider Michael Walton sold 56,200 shares of the company's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of C$6.81, for a total transaction of C$382,722.00. Following the completion of the sale, the insider owned 232,747 shares of the company's stock, valued at approximately C$1,585,007.07. The trade was a 19.45% decrease in their position. Insiders have sold a total of 292,954 shares of company stock worth $1,999,387 over the last ninety days. 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.

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