Premier Foods (LON:PFD) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Premier Foods plc (LON:PFD) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 171.10 ($2.22) and traded as high as GBX 190.40 ($2.47). Premier Foods shares last traded at GBX 189.40 ($2.46), with a volume of 1,140,473 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 18th.

Premier Foods Stock Performance

The firm has a fifty day moving average price of GBX 182.33 and a 200 day moving average price of GBX 171.10. The company has a current ratio of 1.14, a quick ratio of 0.41 and a debt-to-equity ratio of 25.46. The firm has a market cap of £1.63 billion, a PE ratio of 1,456.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

Insider Buying and Selling

In other news, insider Tim Elliott bought 2,500 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of GBX 178 ($2.31) per share, for a total transaction of £4,450 ($5,770.98). 25.24% of the stock is owned by company insiders.

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.