Premier Foods (LON:PFD) Shares Down 0.7% - Here's Why

Premier Foods plc (LON:PFD - Get Free Report) fell 0.7% during trading on Thursday . The company traded as low as GBX 185.40 ($2.37) and last traded at GBX 191 ($2.44). 1,728,306 shares were traded during mid-day trading, an increase of 27% from the average session volume of 1,361,446 shares. The stock had previously closed at GBX 192.40 ($2.46).

Premier Foods Stock Performance

The stock has a 50 day moving average of GBX 187.61 and a 200 day moving average of GBX 177.22. 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 firm has a market cap of £1.62 billion, a price-to-earnings ratio of 1,467.69, a P/E/G ratio of 1.44 and a beta of 1.08.

Insider Buying and Selling at Premier Foods

In other Premier Foods news, insider Tim Elliott purchased 2,500 shares of the stock in a transaction dated Friday, September 13th. The stock was bought at an average price of GBX 178 ($2.27) per share, with a total value of £4,450 ($5,678.19). Insiders own 25.24% of the company's stock.

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.