Premium Catering (NASDAQ:PC) Stock Price Up 0.5% – Here’s Why

Premium Catering (Holdings) Limited (NASDAQ:PC)’s share price rose 0.5% during trading on Friday . The company 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Premium Catering in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Premium Catering Stock Up 0.5%

The firm has a fifty day simple moving average of $9.40 and a 200 day simple moving average of $9.43.

Institutional Trading of Premium Catering

An institutional investor recently raised its position in Premium Catering stock. Jane Street Group LLC raised its holdings in Premium Catering (Holdings) Limited (NASDAQ:PC) by 16.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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.