Rogers Sugar Inc. (TSE:RSI) Director Acquires C$813,000.00 in Stock

Rogers Sugar Inc. (TSE:RSI) Director M. Dallas H. Ross acquired 150,000 shares of Rogers Sugar stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of C$5.42 per share, with a total value of C$813,000.00.

Rogers Sugar Price Performance

Rogers Sugar stock traded down C$0.05 during trading hours on Tuesday, hitting C$5.45. The stock had a trading volume of 249,530 shares, compared to its average volume of 290,994. 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 stock has a market capitalization of C$695.40 million, a price-to-earnings ratio of 12.48 and a beta of 0.60. Rogers Sugar Inc. has a 1-year low of C$5.12 and a 1-year high of C$6.47. The stock’s fifty day moving average is C$5.81 and its two-hundred day moving average is C$5.73.

Rogers Sugar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 9th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend was Friday, December 27th. Rogers Sugar’s dividend payout ratio (DPR) is 82.41%.

Analyst Ratings Changes

A number of brokerages have weighed in on RSI. Scotiabank reduced their price objective on Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. BMO Capital Markets dropped their price objective on Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating on the stock in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Rogers Sugar currently has a consensus rating of “Hold” and an average target price of C$6.40.

Rogers Sugar Company Profile

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.