High Liner Foods (TSE:HLF) Stock Price Crosses Above 200 Day Moving Average of $13.70

High Liner Foods Inc (TSE:HLF – Get Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.70 and trades as high as C$14.81. High Liner Foods shares last traded at C$14.79, with a volume of 6,216 shares changing hands.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their price objective on High Liner Foods from C$14.00 to C$16.00 and gave the company a “sector performance” rating in a research note on Friday, February 24th.

High Liner Foods Stock Performance

The stock has a 50-day simple moving average of C$14.40 and a 200-day simple moving average of C$13.70. The company has a debt-to-equity ratio of 101.95, a current ratio of 1.74 and a quick ratio of 0.38. The company has a market capitalization of C$490.73 million, a PE ratio of 7.11 and a beta of 0.68.

High Liner Foods Dividend Announcement

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Thursday, March 2nd will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, March 1st. This represents a $0.52 annualized dividend and a yield of 3.52%. High Liner Foods’ dividend payout ratio (DPR) is presently 25.00%.

About High Liner Foods

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High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Their retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available in most grocery and club stores.

Further Reading

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