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

Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $13.25, but opened at $12.81. Premier Foods shares last traded at $12.81, with a volume of 760 shares changing hands.

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 Price 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 business has a fifty day moving average of $13.82 and a 200 day moving average of $12.69.

Premier Foods Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be paid a $0.1608 dividend. This is a positive change from Premier Foods's previous dividend of $0.09. The ex-dividend date of this dividend is Friday, June 27th. This represents a dividend 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.

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