Rogers Sugar (TSE:RSI) Reaches New 12-Month High – Should You Buy?

Rogers Sugar Inc. (TSE:RSI) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$6.87 and last traded at C$6.86, with a volume of 213499 shares traded. The stock had previously closed at C$6.79.

Wall Street Analyst Weigh In

Separately, TD Securities raised Rogers Sugar to a “hold” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$6.90.

Rogers Sugar Stock Up 1.3%

The company has a quick ratio of 0.56, a current ratio of 2.22 and a debt-to-equity ratio of 88.50. The company has a market cap of C$882.47 million, a P/E ratio of 12.98 and a beta of 0.71. The company has a fifty day moving average of C$6.62 and a 200 day moving average of C$6.40.

Rogers Sugar (TSE:RSI) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.14 EPS for the quarter. Rogers Sugar had a return on equity of 14.94% and a net margin of 5.58%.The company had revenue of C$280.62 million during the quarter. On average, research analysts anticipate that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 5.2%. Rogers Sugar’s dividend payout ratio is presently 67.92%.

Insider Activity at Rogers Sugar

In other news, insider Michael Walton sold 14,100 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$6.81, for a total transaction of C$96,021.00. Following the completion of the sale, the insider owned 246,647 shares of the company’s stock, valued at C$1,679,666.07. This represents a 5.41% decrease in their position. Over the last ninety days, insiders have sold 58,000 shares of company stock worth $395,419. 0.28% of the stock is owned by corporate insiders.

About Rogers Sugar

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.