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

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

Analysts Set New Price Targets

Separately, Scotiabank restated 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Rogers Sugar Trading Up 0.1%

The business’s 50-day simple moving average is $4.91 and its 200-day simple moving average is $4.79.

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.