Premier Foods (LON:PFD) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Premier Foods plc (LON:PFD)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 179.35 ($2.24) and traded as high as GBX 188.38 ($2.36). Premier Foods shares last traded at GBX 187.60 ($2.35), with a volume of 155,308 shares trading hands.

Premier Foods Stock Performance

The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.46. The business has a 50 day moving average of GBX 188.65 and a 200 day moving average of GBX 179.47. The company has a market capitalization of £1.61 billion, a P/E ratio of 1,435.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

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.