Rogers Sugar Inc. (TSE:RSI) Director M. Dallas H. Ross Purchases 150,000 Shares of Stock

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

Rogers Sugar Stock Performance

TSE RSI opened at C$5.42 on Wednesday. The company has a 50-day simple moving average of C$5.81 and a two-hundred day simple moving average of C$5.73. The company has a quick ratio of 0.56, a current ratio of 1.39 and a debt-to-equity ratio of 104.41. Rogers Sugar Inc. has a 12-month low of C$5.12 and a 12-month high of C$6.47. The firm has a market cap of C$691.58 million, a price-to-earnings ratio of 12.41 and a beta of 0.60.

Rogers Sugar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 9th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.36 annualized dividend and a yield of 6.64%. Rogers Sugar’s payout ratio is 82.41%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. BMO Capital Markets cut their target price on shares of Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating for the company in a research report on Friday, February 7th. Scotiabank cut their target price on shares of Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average 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.