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

Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report)'s stock 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 trading hands.

Wall Street Analysts Forecast Growth

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

Premier Foods Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 1.13. The stock has a 50 day moving average of $13.78 and a 200 day moving average of $12.73.

Premier Foods Increases Dividend

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

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.