Insider Selling: Rogers Sugar Inc. (TSE:RSI) Senior Officer Sells 20,000 Shares of Stock

Rogers Sugar Inc. (TSE:RSI) Senior Officer Michael Walton sold 20,000 shares of Rogers Sugar stock in a transaction that occurred on 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 Trading Up 0.5 %

Shares of TSE RSI opened at C$6.00 on Friday. The company has a market cap of C$767.52 million, a PE ratio of 16.22 and a beta of 0.60. The company has a debt-to-equity ratio of 100.31, a quick ratio of 0.56 and a current ratio of 1.66. The firm’s 50 day moving average price is C$5.82 and its 200-day moving average price is C$5.72. Rogers Sugar Inc. has a 52-week low of C$5.12 and a 52-week high of C$6.47.

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 of this dividend 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 Ratings Changes

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