Rogers Sugar (OTCMKTS:RSGUF) Stock Price Breaks Below 50-Day Moving Average – What’s Next?

Rogers Sugar Inc. (OTCMKTS:RSGUF – Get Free Report)’s share price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $4.76 and traded as low as $4.73. Rogers Sugar shares last traded at $4.7380, with a volume of 21,732 shares traded.

Analyst Ratings Changes

Separately, Scotiabank reissued an “underperform” rating on shares of Rogers Sugar in a research note on Monday, August 10th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Get Our Latest Research Report on RSGUF

Rogers Sugar Stock Performance

The stock has a 50 day simple moving average of $4.76 and a 200 day simple moving average of $4.82.

Rogers Sugar Company Profile

(Get Free Report)

Rogers Sugar Inc. is a Canadian sugar refining and distribution company whose shares trade in Canada and on the OTC market under the symbol RSGUF. The company operates primarily through its Lantic Inc. subsidiary and markets products under the Lantic and Rogers brands. Rogers Sugar refines, packages and distributes a range of sugar products, including granulated, icing, brown, yellow and liquid sugars. Its products serve retail consumers, food manufacturers, restaurants, bakeries and other industrial customers.

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