High Liner Foods (TSE:HLF) Reaches New 12-Month High – What’s Next?

High Liner Foods Inc (TSE:HLF) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$16.23 and last traded at C$16.00, with a volume of 11497 shares. The stock had previously closed at C$16.08.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets boosted their price target on shares of High Liner Foods from C$14.50 to C$16.40 in a report on Thursday, December 19th.

High Liner Foods Price Performance

The company has a market capitalization of C$478.88 million, a PE ratio of 8.29 and a beta of 0.89. The company has a debt-to-equity ratio of 61.80, a quick ratio of 0.38 and a current ratio of 2.88. The stock has a 50 day moving average price of C$14.91 and a two-hundred day moving average price of C$13.83.

High Liner Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from High Liner Foods’s previous quarterly dividend of $0.15. High Liner Foods’s dividend payout ratio is 31.09%.

High Liner Foods Company Profile

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.