Premium Brands (OTCMKTS:PRBZF) Stock Price Down 0.9% – Should You Sell?

Shares of Premium Brands Holdings Co. (OTCMKTS:PRBZF) fell 0.9% on Monday . The stock traded as low as $64.07 and last traded at $64.07. 3,256 shares traded hands during trading, a decline of 63% from the average session volume of 8,853 shares. The stock had previously closed at $64.68.

Wall Street Analyst Weigh In

PRBZF has been the subject of a number of analyst reports. Royal Bank Of Canada raised shares of Premium Brands from a “sector perform” rating to an “outperform” rating in a report on Thursday, August 7th. TD Securities reiterated a “buy” rating on shares of Premium Brands in a report on Monday, October 27th. National Bankshares restated a “sector perform” rating on shares of Premium Brands in a report on Monday, November 3rd. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Premium Brands in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Premium Brands currently has a consensus rating of “Moderate Buy”.

Premium Brands Stock Performance

The business’s 50-day simple moving average is $66.78 and its two-hundred day simple moving average is $64.31.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.