Premier Foods (OTCMKTS:PRRFY) Shares Gap Down - Should You Sell?

Key Points

• Premier Foods shares experienced a gap down, opening at $12.75 after previously closing at $13.30.
• Royal Bank of Canada downgraded Premier Foods from a "moderate buy" to a "hold" rating as of May 27th.
• Despite the downgrade, Premier Foods increased its dividend, offering $0.1608 per share, up from $0.09, resulting in a dividend yield of 117.0%.

Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $13.30, but opened at $12.75. Premier Foods shares last traded at $12.75, with a volume of 523 shares traded.

Wall Street Analyst Weigh In

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

Premier Foods Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $13.31 and its 200 day moving average is $12.91.

Premier Foods Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, June 30th were issued a $0.1608 dividend. This is a boost from Premier Foods's previous dividend of $0.09. This represents a dividend yield of 117.0%. The ex-dividend date of this dividend was 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.