Rogers Sugar (OTCMKTS:RSGUF) Stock Price Up 0.1% – Time to Buy?

Rogers Sugar Inc. (OTCMKTS:RSGUF)’s stock price rose 0.1% on Wednesday . The company traded as high as $5.0180 and last traded at $5.0180. 18,514 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 25,915 shares. The stock had previously closed at $5.0120.

Analyst Upgrades and Downgrades

Separately, Scotiabank reaffirmed an “underperform” rating on shares of Rogers Sugar in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Rogers Sugar Stock Performance

The stock’s 50 day simple moving average is $4.91 and its 200-day simple moving average is $4.80.

About Rogers Sugar

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.