Rogers Sugar (OTCMKTS:RSGUF) Shares Down 2% – Time to Sell?

Rogers Sugar Inc. (OTCMKTS:RSGUF)’s stock price traded down 2% during mid-day trading on Monday . The company traded as low as $4.31 and last traded at $4.32. 87,379 shares changed hands during trading, an increase of 593% from the average session volume of 12,602 shares. The stock had previously closed at $4.41.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. TD Securities downgraded Rogers Sugar to a “hold” rating in a research report on Friday. National Bankshares reaffirmed a “sector perform” rating on shares of Rogers Sugar in a research note on Friday. Finally, Scotiabank reissued a “sector perform” rating on shares of Rogers Sugar in a research report on Thursday, August 14th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Rogers Sugar Stock Performance

The firm has a 50 day simple moving average of $4.48 and a 200 day simple moving average of $4.34.

Rogers Sugar Company Profile

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.