Premier Foods (OTCMKTS:PRRFY) Trading Down 10.5% – Here’s What Happened

Premier Foods plc (OTCMKTS:PRRFY)’s share price was down 10.5% on Monday . The company traded as low as $10.70 and last traded at $10.70. Approximately 111 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 105 shares. The stock had previously closed at $11.96.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PRRFY shares. Barclays raised Premier Foods to a “strong-buy” rating in a research report on Thursday, October 10th. Royal Bank of Canada raised shares of Premier Foods to a “moderate buy” rating in a research report on Monday, November 18th.

Premier Foods Stock Performance

The stock’s 50 day moving average price is $11.92 and its 200 day moving average price is $11.81. The company has a quick ratio of 0.78, a current ratio of 1.14 and a debt-to-equity ratio of 0.25.

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.