Michael Walton Sells 20,000 Shares of Rogers Sugar Inc. (TSE:RSI) Stock

Rogers Sugar Inc. (TSE:RSI) Senior Officer Michael Walton sold 20,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of C$5.96, for a total value of C$119,200.00.

Rogers Sugar Stock Up 0.5 %

TSE RSI traded up C$0.03 during mid-day trading on Friday, hitting C$6.00. The company’s stock had a trading volume of 181,912 shares, compared to its average volume of 191,213. The firm has a market capitalization of C$767.52 million, a price-to-earnings ratio of 16.22 and a beta of 0.60. The company’s 50 day simple moving average is C$5.81 and its 200 day simple moving average is C$5.71. 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 twelve month low of C$5.12 and a twelve month high of C$6.47.

Rogers Sugar Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RSI. Scotiabank set a C$6.25 target price on shares of Rogers Sugar and gave the company a “sector perform” rating in a research report on Wednesday, November 27th. BMO Capital Markets increased their price objective on shares of Rogers Sugar from C$6.50 to C$7.00 in a research report on Friday, November 29th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$6.55.

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.