Rogers Sugar (TSE:RSI) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Shares of Rogers Sugar climbed above their 200-day moving average (200‑day MA C$6.31), trading as high as C$6.74 and last at C$6.72 on Friday, signaling short-term technical strength.
• Scotiabank downgraded the stock to a "strong sell" and cut its target to C$6.00, while the analyst consensus remains a "Hold" with a C$6.90 target, reflecting mixed analyst views.
• Rogers Sugar pays a quarterly dividend of $0.09 (annualized $0.36) for a 5.4% yield, and trades at a P/E of 11.39 with a market cap of C$861.6M; the ~61% payout ratio suggests some limit to dividend sustainability.

Shares of Rogers Sugar Inc. (TSE:RSI - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.31 and traded as high as C$6.74. Rogers Sugar shares last traded at C$6.72, with a volume of 242,287 shares.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered Rogers Sugar from a "hold" rating to a "strong sell" rating and decreased their price target for the company from C$6.50 to C$6.00 in a research note on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$6.90.

Rogers Sugar Price Performance

The business has a 50-day moving average price of C$6.59 and a 200 day moving average price of C$6.31. The company has a market cap of C$861.61 million, a price-to-earnings ratio of 11.39 and a beta of 0.71. The company has a current ratio of 2.20, a quick ratio of 0.56 and a debt-to-equity ratio of 92.00.

Rogers Sugar (TSE:RSI - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported C$0.19 EPS for the quarter. The company had revenue of C$298.19 million during the quarter. Rogers Sugar had a return on equity of 16.98% and a net margin of 6.00%. As a group, research analysts expect that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th will be issued a $0.09 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.4%. Rogers Sugar's dividend payout ratio is presently 61.02%.

Rogers Sugar Company Profile

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.

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