Rogers Sugar (TSE:RSI) Stock Price Breaks Below 200-Day Moving Average - Time to Sell?

Key Points

• Rogers Sugar shares fell below their 200-day moving average, trading at C$6.43 versus the C$6.77 average, down 0.6% during the session.
• The company reported quarterly earnings of C$0.13 per share on C$293.69 million in revenue, with a 5.48% net margin and 14.14% return on equity.
• Rogers Sugar declared a quarterly dividend of C$0.09, equivalent to an annualized yield of approximately 5.6%; insiders have sold 292,954 shares worth about C$2.0 million over the past three months.

Rogers Sugar Inc. (TSE:RSI - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$6.77 and traded as low as C$6.43. Rogers Sugar shares last traded at C$6.43, with a volume of 144,367 shares changing hands.

Rogers Sugar Trading Down 0.6%

The firm has a market cap of C$826.54 million, a PE ratio of 12.37 and a beta of 0.67. The company has a 50-day simple moving average of C$6.79 and a 200 day simple moving average of C$6.77. The company has a current ratio of 1.68, a quick ratio of 0.56 and a debt-to-equity ratio of 89.42.

Rogers Sugar (TSE:RSI - Get Free Report) last posted its 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 firm had revenue of C$293.69 million during the quarter. As a group, sell-side analysts forecast that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Wednesday, October 21st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 5.6%. Rogers Sugar's payout ratio is presently 69.23%.

Insider Activity

In related news, insider Louis Turenne sold 27,692 shares of Rogers Sugar stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of C$6.71, for a total value of C$185,813.32. Following the completion of the transaction, the insider owned 18,896 shares in the company, valued at C$126,792.16. The trade was a 59.44% decrease in their position. Also, insider Michael Walton sold 23,100 shares of the company's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of C$6.87, for a total value 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 C$1,594,849.89. The trade was a 9.05% decrease in their position. Over the last three months, insiders have sold 292,954 shares of company stock worth $1,999,387. 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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