High Liner Foods (TSE:HLF) Share Price Crosses Above 200-Day Moving Average of $11.69

High Liner Foods Inc (TSE:HLF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.69 and traded as high as C$13.20. High Liner Foods shares last traded at C$13.00, with a volume of 5,300 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on HLF shares. Royal Bank of Canada upped their price target on High Liner Foods from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Cormark raised their price objective on shares of High Liner Foods from C$17.00 to C$18.25 in a research report on Wednesday, March 6th. Finally, BMO Capital Markets increased their target price on High Liner Foods from C$13.50 to C$14.00 in a research note on Thursday, March 7th.

High Liner Foods Stock Down 0.5 %

The company has a quick ratio of 0.38, a current ratio of 2.55 and a debt-to-equity ratio of 65.71. The company’s fifty day simple moving average is C$12.79 and its 200 day simple moving average is C$11.69. The firm has a market capitalization of C$396.89 million, a PE ratio of 10.32 and a beta of 0.87.

High Liner Foods (TSE:HLF) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.31 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.01. High Liner Foods had a net margin of 2.93% and a return on equity of 8.34%. The business had revenue of C$322.85 million during the quarter, compared to analyst estimates of C$321.95 million. Analysts anticipate that High Liner Foods Inc will post 1.7332474 earnings per share for the current fiscal year.

High Liner Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.60 annualized dividend and a dividend yield of 4.62%. High Liner Foods’s payout ratio is 47.62%.

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.