Rogers Sugar (OTCMKTS:RSGUF) Shares Climb 0.1% – Time to Buy?

Rogers Sugar Inc. (OTCMKTS:RSGUF)’s share price was up 0.1% on Thursday. The stock traded as high as $4.7741 and last traded at $4.7741. 22,435 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 25,037 shares. The stock had previously closed at $4.77.

Analyst Upgrades and Downgrades

Separately, Scotiabank reiterated an “underperform” rating on shares of Rogers Sugar in a research report on Monday, August 10th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Rogers Sugar Stock Up 0.1%

The stock has a fifty day moving average of $4.92 and a 200-day moving average of $4.87.

Rogers Sugar Company Profile

Rogers Sugar Inc is a Canadian sugar-refining and food-ingredients company. Through its Lantic and Rogers brands, the company produces and markets granulated, icing, brown and specialty sugars for household, commercial and industrial customers.

The company supplies retail, food-service and food-processing markets, including manufacturers that use sugar in baked goods, beverages, confectionery products and other prepared foods. Its portfolio also includes liquid sugar and other customized sugar products designed for commercial applications.

Rogers Sugar operates refining and packaging facilities in Canada, including locations in Montreal, Quebec, and Taber, Alberta.