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

Rogers Sugar Inc. (OTCMKTS:RSGUF) shares were up 4.1% on Thursday . The company traded as high as $4.85 and last traded at $4.79. Approximately 126,818 shares changed hands 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.

Analyst Upgrades and Downgrades

RSGUF has been the topic of a number of research reports. TD Securities cut shares of Rogers Sugar to a “hold” rating in a research note on Friday, November 28th. Scotiabank lowered shares of Rogers Sugar from a “sector perform” rating to an “underperform” rating in a research report on Friday. National Bankshares restated a “sector perform” rating on shares of Rogers Sugar in a research report on Friday, November 28th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Rogers Sugar in a report on Friday. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Rogers Sugar Stock Performance

The stock’s 50-day moving average is $4.40 and its 200-day moving average is $4.44.

About Rogers Sugar

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.