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

Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report) shares gapped down prior to trading 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.

Wall Street Analysts Forecast Growth

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

Premier Foods Stock Performance

The company has a 50 day moving average of $13.85 and a two-hundred day moving average of $12.63. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.23.

Premier Foods Increases Dividend

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

About Premier Foods

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.