Rogers Sugar (OTCMKTS:RSGUF) Trading Down 0.3% – Time to Sell?

Shares of Rogers Sugar Inc. (OTCMKTS:RSGUF) fell 0.3% on Thursday . The stock traded as low as $4.85 and last traded at $4.8536. 16,684 shares were traded during trading, a decline of 32% from the average session volume of 24,432 shares. The stock had previously closed at $4.87.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RSGUF. BMO Capital Markets reaffirmed a “market perform” rating on shares of Rogers Sugar in a research note on Friday, February 6th. Scotiabank reaffirmed an “underperform” rating on shares of Rogers Sugar in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Rogers Sugar has an average rating of “Reduce”.

Rogers Sugar Stock Performance

The company has a 50-day moving average of $4.80 and a 200 day moving average of $4.62.

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.