Premier Foods (OTCMKTS:PFODF) Trading Up 2.5% – Still a Buy?

Premier Foods plc (OTCMKTS:PFODF) shares rose 2.5% during mid-day trading on Friday . The stock traded as high as $2.40 and last traded at $2.40. Approximately 2,864 shares changed hands during trading, an increase of 329% from the average daily volume of 667 shares. The stock had previously closed at $2.3425.

Premier Foods Price Performance

The stock has a 50 day simple moving average of $2.46 and a two-hundred day simple moving average of $2.51.

Premier Foods Company Profile

Premier Foods plc is a leading British food manufacturer and supplier of ambient grocery products. Headquartered in St. Albans, England, the company develops, produces and markets a broad portfolio of branded and specialty food products across sweet and savory categories. Premier Foods serves major retailers in the United Kingdom and exports selected brands to markets in Europe, North America and Asia.

The company’s portfolio includes well-known household names such as Bisto gravies and sauces, Oxo stock cubes, Mr Kipling baked goods, Sharwood’s Asian cooking sauces, Branston pickles, Ambrosia custards and rice puddings, Loyd Grossman pasta sauces, and Cadbury cakes.