Rogers Sugar (OTCMKTS:RSGUF) Trading 2.4% Higher – What’s Next?

Rogers Sugar Inc. (OTCMKTS:RSGUF) shares rose 2.4% on Wednesday . The stock traded as high as $4.9250 and last traded at $4.9250. 8,795 shares traded hands during trading, a decline of 67% from the average session volume of 26,669 shares. The stock had previously closed at $4.8095.

Wall Street Analyst Weigh In

Separately, Scotiabank reissued an “underperform” rating on shares of Rogers Sugar in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Rogers Sugar Trading Up 2.4%

The company has a 50 day moving average price of $4.87 and a 200 day moving average price of $4.73.

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.