Rogers Sugar (OTCMKTS:RSGUF) Shares Up 4.1% – Should You Buy?

Rogers Sugar Inc. (OTCMKTS:RSGUF) shot up 4.1% during mid-day trading on Thursday . The stock traded as high as $4.85 and last traded at $4.79. 126,818 shares changed hands during trading, an increase of 277% from the average session volume of 33,595 shares. The stock had previously closed at $4.60.

Analyst Ratings Changes

RSGUF has been the subject of several research analyst reports. BMO Capital Markets restated a “market perform” rating on shares of Rogers Sugar in a report on Friday. 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 research report on Friday. Finally, National Bankshares reiterated a “sector perform” rating on shares of Rogers Sugar in a research note on Friday, November 28th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rogers Sugar presently has an average rating of “Reduce”.

Rogers Sugar Stock Down 3.3%

The firm’s 50 day moving average price is $4.40 and its 200-day moving average price is $4.44.

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.