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

Premier Foods plc (LON:PFD - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 190.76 ($2.56) and traded as high as GBX 203 ($2.73). Premier Foods shares last traded at GBX 200 ($2.68), with a volume of 522,387 shares changing hands.

Premier Foods Price Performance

The company has a debt-to-equity ratio of 25.47, a quick ratio of 0.41 and a current ratio of 1.14. The company has a market cap of £1.72 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.44 and a beta of 1.08. The business has a fifty day moving average price of GBX 201.71 and a 200 day moving average price of GBX 190.84.

Premier Foods (LON:PFD - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter. Premier Foods had a return on equity of 8.49% and a net margin of 9.89%. As a group, research analysts anticipate that Premier Foods plc will post 13.2607117 earnings per share for the current year.

Insider Activity at Premier Foods

In other news, insider Duncan Leggett acquired 6,613 shares of Premier Foods stock in a transaction that occurred on Friday, May 30th. The shares were acquired at an average price of GBX 209 ($2.81) per share, for a total transaction of £13,821.17 ($18,554.40). Also, insider Alex Whitehouse bought 9,487 shares of the stock in a transaction on Friday, May 30th. The stock was purchased at an average cost of GBX 209 ($2.81) per share, with a total value of £19,827.83 ($26,618.11). In the last three months, insiders have purchased 34,956 shares of company stock valued at $7,333,908. 25.24% of the stock is owned by 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.