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

Rogers Sugar Inc. (OTCMKTS:RSGUF)’s stock price was up 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 changed hands during trading, an increase of 277% from the average daily volume of 33,595 shares. The stock had previously closed at $4.60.

Analyst Ratings Changes

A number of brokerages recently weighed in on RSGUF. TD Securities cut shares of Rogers Sugar to a “hold” rating in a report on Friday, November 28th. National Bankshares restated a “sector perform” rating on shares of Rogers Sugar in a report on Friday, November 28th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Rogers Sugar has an average rating of “Hold”.

Rogers Sugar Stock Performance

The firm’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.