Rogers Sugar Inc (TSE:RSI) Senior Officer Vanessa Musuele acquired 2,045 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of C$4.90 per share, for a total transaction of C$10,020.50. Following the transaction, the insider now directly owns 3,876 shares of the company’s stock, valued at approximately C$18,992.40.
Rogers Sugar stock traded up C$0.02 during trading hours on Tuesday, hitting C$4.82. 207,466 shares of the stock traded hands, compared to its average volume of 271,246. The firm’s 50-day moving average price is C$4.88 and its two-hundred day moving average price is C$5.27. The company has a current ratio of 1.90, a quick ratio of 0.61 and a debt-to-equity ratio of 116.23. The company has a market cap of $503.45 million and a PE ratio of -60.25. Rogers Sugar Inc has a one year low of C$4.54 and a one year high of C$6.17.
Rogers Sugar (TSE:RSI) last posted its quarterly earnings data on Wednesday, November 20th. The company reported C$0.09 earnings per share for the quarter. The firm had revenue of C$207.57 million for the quarter, compared to the consensus estimate of C$227.30 million. On average, sell-side analysts expect that Rogers Sugar Inc will post 0.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 21st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 24th. This represents a $0.36 dividend on an annualized basis and a yield of 7.47%. Rogers Sugar’s payout ratio is currently -450.00%.
A number of equities research analysts have weighed in on RSI shares. Scotiabank downgraded Rogers Sugar from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$5.75 to C$5.00 in a research report on Friday, November 22nd. BMO Capital Markets decreased their price objective on Rogers Sugar from C$5.00 to C$4.75 in a report on Monday, November 25th. National Bank Financial downgraded Rogers Sugar from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from C$5.25 to C$4.50 in a report on Friday, November 8th. Desjardins decreased their price objective on Rogers Sugar from C$5.25 to C$4.75 and set a “hold” rating on the stock in a report on Thursday, November 21st. Finally, TD Securities cut their target price on Rogers Sugar from C$5.50 to C$4.75 and set a “hold” rating on the stock in a research note on Thursday, November 21st.
Rogers Sugar Company Profile
Rogers Sugar Inc, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar and maple products. It offers granulated, plantation raw, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar, as well as syrups, jam and jelly mixes, iced tea mixes, and hot chocolate mixes.
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