High Liner Foods (TSE:HLF) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of 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$15.73 and traded as high as C$16.73. High Liner Foods shares last traded at C$16.56, with a volume of 29,112 shares traded.

High Liner Foods Price Performance

The company has a market capitalization of C$347.08 million, a PE ratio of 5.88 and a beta of 0.89. The company has a debt-to-equity ratio of 55.83, a current ratio of 2.66 and a quick ratio of 0.38. The company’s 50 day simple moving average is C$16.64 and its 200 day simple moving average is C$15.73.

High Liner Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 15th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Wednesday, March 5th. High Liner Foods’s payout ratio is 21.30%.

Insider Activity at High Liner Foods

In other High Liner Foods news, insider High Liner Foods Incorporated sold 184,500 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of C$17.02, for a total transaction of C$3,140,190.00. Insiders own 44.28% of the company’s stock.

About High Liner Foods

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.