Rogers Sugar (TSE:RSI) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Rogers Sugar shares rose above their 200-day moving average, reaching C$6.85 before closing at C$6.80, slightly below the 50-day average of C$6.90.
• The company reported quarterly revenue of C$293.69 million and earnings of C$0.13 per share, with analysts forecasting approximately C$0.56 in full-year EPS.
• Rogers Sugar maintains a quarterly dividend of C$0.09, or C$0.36 annually, for a 5.3% yield; insiders have sold more than 265,000 shares over the past 90 days.

Rogers Sugar Inc. (TSE:RSI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.76 and traded as high as C$6.85. Rogers Sugar shares last traded at C$6.80, with a volume of 152,487 shares trading hands.

Rogers Sugar Trading Down 0.1%

The stock has a market cap of C$874.10 million, a price-to-earnings ratio of 13.08 and a beta of 0.70. The business has a 50-day simple moving average of C$6.90 and a two-hundred day simple moving average of C$6.76. The company has a debt-to-equity ratio of 89.42, a quick ratio of 0.56 and a current ratio of 1.68.

Rogers Sugar (TSE:RSI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. Rogers Sugar had a net margin of 5.48% and a return on equity of 14.14%. The company had revenue of C$293.69 million for the quarter. As a group, research analysts forecast that Rogers Sugar Inc. will post 0.5597668 EPS for the current year.

Rogers Sugar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given 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 dividend yield of 5.3%. Rogers Sugar's payout ratio is currently 69.23%.

Insider Transactions at Rogers Sugar

In related news, insider Michael Walton sold 23,100 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of C$6.87, for a total transaction of C$158,697.00. Following the completion of the transaction, the insider directly owned 232,147 shares of the company's stock, valued at approximately C$1,594,849.89. This represents a 9.05% decrease in their ownership of the stock. Insiders sold a total of 265,262 shares of company stock worth $1,813,573 in the last 90 days. Corporate 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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