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Premier Foods (OTCMKTS:PRRFY) Sees Large Volume Increase - Still a Buy?

Premier Foods logo with Consumer Staples background

Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report) saw an uptick in trading volume on Friday . 5,687 shares traded hands during trading, an increase of 479% from the previous session's volume of 982 shares.The stock last traded at $13.16 and had previously closed at $13.14.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lowered shares of Premier Foods from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, May 27th.

Check Out Our Latest Stock Analysis on PRRFY

Premier Foods Stock Performance

The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.23. The business's 50-day moving average price is $13.84 and its 200-day moving average price is $12.67.

Premier Foods Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be given a $0.1608 dividend. This represents a yield of 1.17%. This is a positive change from Premier Foods's previous dividend of $0.09. The ex-dividend date is Friday, June 27th.

About Premier Foods

(Get Free Report)

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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