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

Key Points

• Rogers Sugar's stock price has recently crossed above its 200-day moving average of C$5.84, reaching a high of C$6.28 during trading, currently trading at C$6.27.
• Desjardins upgraded Rogers Sugar's price target from C$7.25 to C$7.50 and maintained a "buy" rating, while overall consensus ratings are mixed with one "buy" and two "hold" ratings.
• The company announced a quarterly dividend of $0.09 per share, which will be paid on October 15th, resulting in an annualized dividend yield of 5.7%.

Rogers Sugar Inc. (TSE:RSI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.84 and traded as high as C$6.28. Rogers Sugar shares last traded at C$6.27, with a volume of 230,753 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Desjardins lifted their price target on shares of Rogers Sugar from C$7.25 to C$7.50 and gave the company a "buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of C$6.67.

Rogers Sugar Stock Performance

The stock has a market cap of C$803.27 million, a P/E ratio of 12.80 and a beta of 0.65. 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 firm's 50-day moving average price is C$6.29 and its 200-day moving average price is C$5.84.

Rogers Sugar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, September 26th. This represents a $0.36 annualized dividend and a dividend yield of 5.7%. Rogers Sugar's dividend payout ratio (DPR) is presently 73.47%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.