High Liner Foods (TSE:HLF) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

High Liner Foods Inc (TSE:HLF)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.78 and traded as high as C$14.86. High Liner Foods shares last traded at C$14.73, with a volume of 28,355 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HLF. Ventum Financial set a C$15.50 price objective on shares of High Liner Foods and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada dropped their price target on shares of High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 28th. Raymond James Financial cut their price target on High Liner Foods from C$17.00 to C$15.00 and set a “market perform” rating for the company in a research note on Wednesday, April 15th. Finally, ATB Cormark Capital Markets lowered their price objective on High Liner Foods from C$24.00 to C$19.50 and set a “speculative buy” rating for the company in a research note on Monday, April 6th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$16.70.

High Liner Foods Stock Performance

The company’s 50 day moving average price is C$14.17 and its 200-day moving average price is C$14.79. The stock has a market cap of C$411.61 million, a P/E ratio of 14.96 and a beta of 0.69. The company has a debt-to-equity ratio of 75.38, a quick ratio of 0.38 and a current ratio of 2.45.

High Liner Foods (TSE:HLF) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.54 earnings per share for the quarter. High Liner Foods had a net margin of 2.68% and a return on equity of 7.07%. The company had revenue of C$467.12 million for the quarter. Equities analysts forecast that High Liner Foods Inc will post 1.9858934 EPS for the current fiscal year.

High Liner Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, June 1st. High Liner Foods’s payout ratio is presently 51.08%.

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. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.