Rogers Sugar (OTCMKTS:RSGUF) Stock Price Down 0.2% – Here’s What Happened

Shares of Rogers Sugar Inc. (OTCMKTS:RSGUF) fell 0.2% during mid-day trading on Monday . The company traded as low as $4.95 and last traded at $4.95. 88,388 shares changed hands during mid-day trading, an increase of 273% from the average session volume of 23,725 shares. The stock had previously closed at $4.96.

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 research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Rogers Sugar Trading Down 0.7%

The stock has a 50-day moving average price of $4.83 and a two-hundred day moving average price of $4.67.

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.