Nomad Foods Limited Ordinary Sh (NYSE:NOMD):
Nomad Foods Enters into an Accretive Transaction to Settle Legacy Tax Claims.
The company is trading down by -0.28% since yesterday’s close of $14.39.
Nomad Foods Limited is a frozen foods company. The Company is involved in building a global portfolio of food companies and brands within the frozen category and across the food sector. As of November 29, 2016, the Company produced, marketed and distributed brands in 17 countries..
Shares of the company are trading at $14.35 which is slightly above the 50 day moving average which is $12.79 and which is a tad above the 200 day moving average of $11.06. The 50 day moving average was up $1.56 or +12.16% and the 200 day average went up $3.29 or +29.73%.
Nomad Foods Limited Ordinary Sh currently has a P/E ratio of 56.05 and the market value is 2.61B. As of the last earnings report the EPS was $0.26 and is expected to be $0.97 for the current year with 182,088,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.25 and the next full year EPS is projected to be $1.07.
Investment analysts have released ratings on the company of late. On June 3 analysts at UBS initiated coverage on the stock with a rating of “Buy”.