Insider Selling: Rogers Sugar Inc. (TSE:RSI) Senior Officer Sells C$119,200.00 in 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 stock was sold at an average price of C$5.96, for a total value of C$119,200.00.

Rogers Sugar Stock Performance

Shares of RSI opened at C$6.00 on Monday. The business’s fifty day simple moving average is C$5.82 and its two-hundred day simple moving average is C$5.72. 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 12 month low of C$5.12 and a 12 month high of C$6.47. The company has a market cap of C$767.52 million, a price-to-earnings ratio of 16.22 and a beta of 0.60.

Rogers Sugar Dividend Announcement

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

Analyst Upgrades and Downgrades

RSI has been the topic of several recent research reports. BMO Capital Markets upped 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 price target on Rogers Sugar and gave the stock a “sector perform” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.