Rogers Sugar (OTCMKTS:RSGUF) Stock Price Up 2.4% – Should You Buy?

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

Analyst Upgrades and Downgrades

Separately, Scotiabank restated an “underperform” rating on shares of Rogers Sugar in a research note on Monday, May 11th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Rogers Sugar Price Performance

The company’s 50-day simple moving average is $4.87 and its 200 day simple moving average is $4.73.

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.