Rogers Sugar (TSE:RSI) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Rogers Sugar's stock has recently surpassed its 200-day moving average of C$5.62, reaching a high of C$6.44 during trading.
• Desjardins has raised its price target for the stock from C$7.25 to C$7.50, maintaining a "buy" rating amidst an overall consensus rating of "Hold".
• The company announced a quarterly dividend of $0.09 to be paid on September 26th, which translates to a 5.6% dividend yield for investors.

Rogers Sugar Inc. (TSE:RSI - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.62 and traded as high as C$6.44. Rogers Sugar shares last traded at C$6.42, with a volume of 317,610 shares.

Analysts Set New Price Targets

Separately, Desjardins boosted their price target on Rogers Sugar from C$7.25 to C$7.50 and gave the stock a "buy" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$6.67.

Rogers Sugar Stock Performance

The firm has a market cap of C$819.17 million, a PE ratio of 14.70 and a beta of 0.60. The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56. The stock has a 50-day moving average price of C$5.79 and a 200 day moving average price of C$5.62.

Rogers Sugar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Wednesday, October 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.6%. Rogers Sugar's dividend payout ratio is currently 82.41%.

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.

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