Rogers Sugar (TSE:RSI) Share Price Breaks Below Two Hundred Day Moving Average – Should You Sell?

Rogers Sugar Inc. (TSE:RSI – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$6.76 and traded as low as C$6.66. Rogers Sugar shares last traded at C$6.68, with a volume of 148,405 shares trading hands.

Rogers Sugar Stock Up 0.6%

The company has a debt-to-equity ratio of 89.42, a quick ratio of 0.56 and a current ratio of 1.68. The firm has a fifty day simple moving average of C$6.75 and a 200-day simple moving average of C$6.76. The company has a market capitalization of C$863.82 million, a PE ratio of 12.92 and a beta of 0.67.

Rogers Sugar (TSE:RSI – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.13 EPS for the quarter. The company had revenue of C$293.69 million during the quarter. Rogers Sugar had a return on equity of 14.14% and a net margin of 5.48%. Equities research analysts anticipate that Rogers Sugar Inc. will post 0.56 EPS for the current fiscal year.

Rogers Sugar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Wednesday, October 21st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, October 2nd. Rogers Sugar’s payout ratio is 69.23%.

Insider Buying and Selling at Rogers Sugar

In related news, insider Michael Walton sold 23,100 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of C$6.87, for a total value of C$158,697.00. Following the sale, the insider directly owned 232,147 shares of the company’s stock, valued at C$1,594,849.89. This represents a 9.05% decrease in their ownership of the stock. Also, insider Louis Turenne sold 27,692 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of C$6.71, for a total transaction of C$185,813.32. Following the completion of the sale, the insider directly owned 18,896 shares of the company’s stock, valued at C$126,792.16. The trade was a 59.44% decrease in their position. Insiders sold 292,954 shares of company stock worth $1,999,387 over the last ninety days. 0.28% of the stock is currently owned by corporate insiders.

About Rogers Sugar

(Get Free Report)

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic’s sugar products are mainly marketed under the ‘Lantic’ trademark in Eastern Canada, and the ‘Rogers’ trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.

Further Reading

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