Zacks Investment Research lowered shares of Premier Foods (OTCMKTS:PRRFY) from a buy rating to a hold rating in a report published on Friday morning.

According to Zacks, “Premier Foods plc, along with its subsidiaries, is engaged in the manufacturing, processing, and distribution of food and beverage products in the United Kingdom and other European countries. The Company operates in three divisions: Grocery, Hovis and Chilled. Grocery division is comprised of cakes, soups, vegetables, stocks, gravies, spreads, desserts. Hovis segment is comprised of wrapped bread, morning goods, and frozen part-baked products. The chilled segment is comprised of chilled and frozen meat-free products and chilled ready meal. The top brands offered by the company include: Hovis, Mr. Kipling, Quorn, Sharwoods, Cadbury, Bisto, Branston, Ambrosia, Loyd Grossman and Batchelors. Premier Foods plc is headquartered in St Albans, the United Kingdom. “

Premier Foods (PRRFY) traded up $0.03 on Friday, hitting $2.76. The stock had a trading volume of 1,400 shares, compared to its average volume of 1,350. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.76 and a quick ratio of 0.38. Premier Foods has a 52-week low of $2.29 and a 52-week high of $3.00.

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