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

Key Points

• Rogers Sugar Inc. shares recently crossed above their 200-day moving average of C$5.59, reaching a high of C$6.19 during trading.
• Desjardins upgraded the stock's price target from C$7.25 to C$7.50, maintaining a "buy" rating.
• The company announced a quarterly dividend of $0.09, yielding 5.8%, to be paid on September 26th to shareholders on record as of October 15th.

Rogers Sugar Inc. (TSE:RSI - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.59 and traded as high as C$6.19. Rogers Sugar shares last traded at C$6.19, with a volume of 620,302 shares traded.

Analyst Upgrades and Downgrades

Separately, Desjardins increased their price target on shares of Rogers Sugar from C$7.25 to C$7.50 and gave the stock a "buy" rating in a research report on Wednesday.

Rogers Sugar Trading Down 0.2%

The company's fifty day moving average is C$5.68 and its two-hundred day moving average is C$5.59. The stock has a market cap of C$789.83 million, a price-to-earnings ratio of 14.17 and a beta of 0.60. The company has a quick ratio of 0.56, a current ratio of 1.39 and a debt-to-equity ratio of 104.41.

Rogers Sugar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Wednesday, October 15th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 5.8%. Rogers Sugar's dividend payout ratio (DPR) is 82.41%.

About Rogers Sugar

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.

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