Premium Catering (NASDAQ:PC) Stock Price Up 0.5% – Still a Buy?

Premium Catering (Holdings) Limited (NASDAQ:PC)’s stock price rose 0.5% during trading on Wednesday . The stock traded as high as $9.55 and last traded at $9.40. Approximately 531,300 shares were traded during trading, The stock had previously closed at $9.35.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Premium Catering in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Premium Catering Stock Performance

The firm’s 50 day moving average is $9.40 and its 200-day moving average is $8.94.

Hedge Funds Weigh In On Premium Catering

A hedge fund recently raised its stake in Premium Catering stock. Jane Street Group LLC raised its stake in Premium Catering (Holdings) Limited (NASDAQ:PC) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,723 shares of the company’s stock after buying an additional 1,762 shares during the quarter. Jane Street Group LLC owned approximately 0.61% of Premium Catering worth $120,000 at the end of the most recent quarter.

Premium Catering Company Profile

Premium Catering (Holdings) Limited, through its subsidiary, engages in the business of food catering for function, events, and workers in Singapore. The company provides Halal food in Indian, Bangladesh, and Chinese cuisine to foreign workers, students, and other individuals residing in dormitories, as well foreign workers in the marine, logistics, and poultry industries. It also operates a central kitchen under the Premium Catering brand name to supply budget prepared meals to foreign construction workers; operates food stalls; and provides buffet catering services for private functions, and corporate and community events, as well as provides ancillary delivery services.