Premier Foods (OTCMKTS:PRRFY) Shares Gap Down - Here's Why

Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $13.13, but opened at $12.53. Premier Foods shares last traded at $12.53, with a volume of 9,746 shares changing hands.

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 note on Tuesday, May 27th.

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 company has a 50 day moving average of $13.73 and a 200-day moving average of $12.75.

Premier Foods Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be paid a dividend of $0.1608 per share. The ex-dividend date is Friday, June 27th. This is a positive change 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.