Premier Foods (OTCMKTS:PRRFY) Stock Price Up 1% - Here's What Happened

Key Points

• Premier Foods PLC shares rose 1% on Tuesday, trading at $12.65, but saw a significant decline in trading volume, down 81% from the average.
• Royal Bank Of Canada downgraded Premier Foods from a "moderate buy" to a "hold" rating, impacting investor sentiment.
• The company announced a dividend of $0.1608 per share, reflecting a dividend yield of 117.0%, an increase from the previous dividend of $0.09.

Shares of Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report) rose 1% during trading on Tuesday . The stock traded as high as $12.65 and last traded at $12.65. Approximately 224 shares changed hands during trading, a decline of 81% from the average daily volume of 1,176 shares. The stock had previously closed at $12.53.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada downgraded shares of 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 quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.23. The stock's 50 day moving average price is $13.45 and its two-hundred day moving average price is $12.82.

Premier Foods Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.1608 per share. The ex-dividend date is Friday, June 27th. This represents a dividend yield of 117.0%. This is a positive change 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.

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