Premier Foods (OTCMKTS:PRRFY) Sees Large Volume Increase - Time to Buy?

Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 5,687 shares traded hands during mid-day 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 Analyst Weigh In

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

Premier Foods Stock Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.13 and a current ratio of 1.51. The company has a 50 day moving average price of $13.84 and a 200-day moving average price of $12.66.

Premier Foods Increases Dividend

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

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.