Rogers Sugar (TSE:RSI) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Rogers Sugar crossed above its 200-day moving average (200‑day MA C$6.32), trading as high as C$6.58 and last at C$6.44 on volume of 251,689 shares.
• Scotiabank downgraded the stock from "hold" to "strong sell" and cut its target to C$6.00, while the Street consensus remains a "Hold" with an average target of C$6.90 (1 Buy, 3 Hold, 1 Sell).
• The company reported quarterly EPS of C$0.19 on C$298.19M revenue, has a market cap of C$825.7M and P/E of 10.92, and pays a quarterly dividend of C$0.09 (C$0.36 annualized) for a 5.6% yield and a 61% payout ratio.

Rogers Sugar Inc. (TSE:RSI - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.32 and traded as high as C$6.58. Rogers Sugar shares last traded at C$6.44, with a volume of 251,689 shares.

Wall Street Analyst Weigh In

Separately, Scotiabank downgraded Rogers Sugar from a "hold" rating to a "strong sell" rating and dropped their target price for the company from C$6.50 to C$6.00 in a report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of C$6.90.

Rogers Sugar Stock Performance

The stock has a fifty day moving average price of C$6.58 and a 200 day moving average price of C$6.32. The company has a current ratio of 2.20, a quick ratio of 0.56 and a debt-to-equity ratio of 92.00. The firm has a market cap of C$825.71 million, a price-to-earnings ratio of 10.92 and a beta of 0.71.

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

Rogers Sugar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a $0.09 dividend. The ex-dividend date was Friday, March 27th. This represents a $0.36 dividend on an annualized basis and a yield of 5.6%. Rogers Sugar's dividend payout ratio (DPR) 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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