Rogers Sugar Inc. (TSE:RSI) Senior Officer Michael Walton Sells 20,000 Shares of Stock

Rogers Sugar Inc. (TSE:RSI) Senior Officer Michael Walton sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of C$5.96, for a total value of C$119,200.00.

Rogers Sugar Price Performance

Shares of RSI opened at C$6.00 on Friday. The firm has a fifty day simple moving average of C$5.82 and a two-hundred day simple moving average of C$5.72. The firm has a market cap of C$767.52 million, a PE ratio of 16.22 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 0.56 and a debt-to-equity ratio of 100.31. Rogers Sugar Inc. has a 1-year low of C$5.12 and a 1-year high of C$6.47.

Rogers Sugar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 9th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend is Friday, December 27th. Rogers Sugar’s dividend payout ratio is 97.30%.

Analyst Upgrades and Downgrades

RSI has been the subject of several recent analyst reports. BMO Capital Markets boosted their price target on Rogers Sugar from C$6.50 to C$7.00 in a research note on Friday, November 29th. Scotiabank set a C$6.25 target price on Rogers Sugar and gave the stock a “sector perform” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Rogers Sugar presently has an average rating of “Hold” and an average price target of C$6.55.

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.