Premier Foods (LON:PFD) Stock Passes Above 200 Day Moving Average - Here's Why

Shares of Premier Foods plc (LON:PFD - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 190.76 ($2.59) and traded as high as GBX 203 ($2.75). Premier Foods shares last traded at GBX 200 ($2.71), with a volume of 522,387 shares changing hands.

Premier Foods Price Performance

The firm has a 50-day simple moving average of GBX 200.99 and a 200-day simple moving average of GBX 190.76. The firm has a market capitalization of £1.72 billion, a PE ratio of 15.32, a PEG ratio of 1.44 and a beta of 1.08. 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 issued its quarterly earnings data on Thursday, May 15th. The company reported GBX 14.50 ($0.20) earnings per share for the quarter. Premier Foods had a net margin of 9.89% and a return on equity of 8.49%. As a group, equities analysts forecast that Premier Foods plc will post 13.2607117 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Alex Whitehouse purchased 9,487 shares of the business's stock in a transaction on Friday, May 30th. The stock was acquired at an average price of GBX 209 ($2.84) per share, with a total value of £19,827.83 ($26,903.43). Also, insider Malcolm Waugh purchased 9,368 shares of Premier Foods stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of GBX 212 ($2.88) per share, with a total value of £19,860.16 ($26,947.30). Over the last ninety days, insiders have acquired 41,862 shares of company stock worth $8,604,612. Company insiders own 25.24% of the company's stock.

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.

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