Premier Foods (OTCMKTS:PRRFY) Stock Price Up 2.6% - Still a Buy?

Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report) traded up 2.6% during mid-day trading on Thursday . The company traded as high as $13.14 and last traded at $13.14. 1,054 shares traded hands during trading, an increase of 878% from the average session volume of 108 shares. The stock had previously closed at $12.81.

Wall Street Analyst Weigh In

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

Premier Foods Stock Performance

The business's 50-day simple moving average is $13.84 and its 200-day simple moving average is $12.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 1.13.

Premier Foods Increases Dividend

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

About Premier Foods

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.