Rogers Sugar (OTCMKTS:RSGUF) Shares Up 0.9% – What’s Next?

Rogers Sugar Inc. (OTCMKTS:RSGUF) shares shot up 0.9% during trading on Tuesday . The stock traded as high as $4.9320 and last traded at $4.93. 24,364 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 27,539 shares. The stock had previously closed at $4.8880.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RSGUF. TD Securities lowered Rogers Sugar to a “hold” rating in a research report on Friday, November 28th. Scotiabank downgraded shares of Rogers Sugar from a “sector perform” rating to an “underperform” rating in a report on Friday, February 6th. BMO Capital Markets reiterated a “market perform” rating on shares of Rogers Sugar in a research note on Friday, February 6th. Finally, National Bank Financial reissued a “sector perform” rating on shares of Rogers Sugar in a report on Friday, November 28th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Rogers Sugar currently has a consensus rating of “Reduce”.

Rogers Sugar Trading Up 0.9%

The company has a fifty day moving average price of $4.71 and a 200 day moving average price of $4.54.

Rogers Sugar Company Profile

Rogers Sugar Inc is a Canada-based sugar refining and distribution company that processes raw sugar cane and sugar beet into a range of refined sugar, liquid sugar, specialty sweeteners, molasses and syrups. The company’s product portfolio serves retail grocers, industrial food and beverage manufacturers, foodservice distributors and export markets. Through its packaging and private-label capabilities, Rogers Sugar provides granulated, powdered and specialty formats designed to meet the needs of both household consumers and large-scale food producers.

With roots dating back to 1890 in Vancouver, British Columbia, Rogers Sugar has grown through strategic acquisitions to become one of Canada’s leading sugar refiners.