Premier Foods (OTCMKTS:PRRFY) Shares Gap Down - What's Next?

Shares of Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $13.70, but opened at $13.21. Premier Foods shares last traded at $13.21, with a volume of 300 shares trading hands.

Analysts Set New Price Targets

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

Premier Foods Trading Down 3.0%

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 business has a 50-day simple moving average of $13.86 and a 200-day simple moving average of $12.62.

Premier Foods Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be given a dividend of $0.1608 per share. The ex-dividend date of this dividend is Friday, June 27th. This is an increase from Premier Foods's previous dividend of $0.09. This represents a yield of 1.17%.

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.