Rogers Sugar (OTCMKTS:RSGUF) Trading Up 4.1% – Here’s What Happened

Rogers Sugar Inc. (OTCMKTS:RSGUF) rose 4.1% during mid-day trading on Thursday . The company traded as high as $4.85 and last traded at $4.79. Approximately 126,818 shares were traded during mid-day trading, an increase of 277% from the average daily volume of 33,595 shares. The stock had previously closed at $4.60.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RSGUF shares. TD Securities lowered shares of Rogers Sugar to a “hold” rating in a research note on Friday, November 28th. National Bankshares reaffirmed a “sector perform” rating on shares of Rogers Sugar in a research note on Friday, November 28th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Rogers Sugar Price Performance

The stock’s 50 day simple moving average is $4.39 and its 200-day simple moving average is $4.44.

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.