Premier Foods (OTCMKTS:PFODF) Trading Up 13.8% – Should You Buy?

Premier Foods plc (OTCMKTS:PFODF) shares were up 13.8% on Thursday . The stock traded as high as $2.55 and last traded at $2.55. Approximately 766 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 3,333 shares. The stock had previously closed at $2.24.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Premier Foods in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Premier Foods presently has an average rating of “Moderate Buy”.

Premier Foods Stock Performance

The company has a 50 day simple moving average of $2.45 and a 200 day simple moving average of $2.63.

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.