Rogers Sugar (OTCMKTS:RSGUF) Shares Up 0.1% – What’s Next?

Rogers Sugar Inc. (OTCMKTS:RSGUF)’s share price shot up 0.1% during trading on Wednesday . The company traded as high as $5.0180 and last traded at $5.0180. 18,514 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 25,915 shares. The stock had previously closed at $5.0120.

Wall Street Analysts Forecast Growth

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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Rogers Sugar Price Performance

The stock’s fifty 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.