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

Premium Catering (Holdings) Limited (NASDAQ:PC) shares traded up 0.5% during trading on Thursday . The stock traded as high as $9.55 and last traded at $9.40. 531,300 shares traded hands during mid-day trading, The stock had previously closed at $9.35.

Analysts Set New Price Targets

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

Premium Catering Trading Up 0.5%

The business has a fifty day moving average price of $9.40 and a 200 day moving average price of $9.22.

Hedge Funds Weigh In On Premium Catering

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

About Premium Catering

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.