Premier Foods (OTCMKTS:PRRFY) Stock Price Down 4.4% – What’s Next?

Premier Foods plc (OTCMKTS:PRRFY) shares fell 4.4% during mid-day trading on Monday . The stock traded as low as $11.39 and last traded at $11.39. 1,186 shares traded hands during trading, an increase of 90% from the average session volume of 625 shares. The stock had previously closed at $11.92.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PRRFY. Royal Bank of Canada upgraded shares of Premier Foods to a “moderate buy” rating in a research report on Monday, November 18th. Barclays raised shares of Premier Foods to a “strong-buy” rating in a research note on Thursday, October 10th.

Premier Foods Price Performance

The company’s 50 day simple moving average is $12.32 and its two-hundred day simple moving average is $11.76. The company has a quick ratio of 0.78, a current ratio of 1.14 and a debt-to-equity ratio of 0.25.

About Premier Foods

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.