Premier Foods (LON:PFD) Shares Pass Above 200 Day Moving Average – What’s Next?

Premier Foods plc (LON:PFD)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 177.90 ($2.25) and traded as high as GBX 190.20 ($2.40). Premier Foods shares last traded at GBX 188.20 ($2.38), with a volume of 319,404 shares changing hands.

Premier Foods Stock Down 0.4 %

The stock has a 50 day moving average of GBX 188.21 and a 200-day moving average of GBX 177.90. The firm has a market capitalization of £1.62 billion, a P/E ratio of 1,447.69, a PEG ratio of 1.44 and a beta of 1.08. The company has a debt-to-equity ratio of 25.46, a quick ratio of 0.41 and a current ratio of 1.14.

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.