Premier Foods (LON:PFD) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Premier Foods plc (LON:PFD - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 188.69 ($2.55) and traded as high as GBX 212.50 ($2.87). Premier Foods shares last traded at GBX 212.50 ($2.87), with a volume of 1,321,904 shares changing hands.

Premier Foods Stock Performance

The stock has a market capitalization of £1.81 billion, a P/E ratio of 16.08, a PEG ratio of 1.44 and a beta of 1.08. The stock's 50-day simple moving average is GBX 195.05 and its 200 day simple moving average is GBX 188.84. The company has a debt-to-equity ratio of 25.47, a current ratio of 1.14 and a quick ratio of 0.41.

Premier Foods (LON:PFD - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported GBX 14.50 ($0.20) EPS for the quarter. Premier Foods had a return on equity of 8.49% and a net margin of 9.89%. Research analysts expect that Premier Foods plc will post 13.2607117 EPS for the current fiscal year.

Insider Buying and Selling

In other Premier Foods news, insider Malcolm Waugh purchased 9,368 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were bought at an average price of GBX 212 ($2.86) per share, for a total transaction of £19,860.16 ($26,838.05). Also, insider Alex Whitehouse sold 367,652 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 177 ($2.39), for a total value of £650,744.04 ($879,383.84). 25.24% of the stock is owned by company insiders.

Premier Foods Company Profile

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.