High Liner Foods (TSE:HLF) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of High Liner Foods Inc (TSE:HLF) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.80 and traded as low as C$15.25. High Liner Foods shares last traded at C$15.40, with a volume of 49,207 shares changing hands.

Analysts Set New Price Targets

HLF has been the topic of a number of analyst reports. Raymond James Financial downgraded High Liner Foods from a “moderate buy” rating to a “hold” rating and reduced their price objective for the stock from C$22.00 to C$16.00 in a research report on Friday, November 7th. BMO Capital Markets cut their target price on High Liner Foods from C$20.50 to C$17.50 in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, High Liner Foods has a consensus rating of “Moderate Buy” and an average target price of C$18.63.

High Liner Foods Price Performance

The firm has a market cap of C$443.75 million, a price-to-earnings ratio of 13.39 and a beta of 0.53. The company has a current ratio of 2.66, a quick ratio of 0.38 and a debt-to-equity ratio of 55.83. The stock’s fifty day moving average price is C$14.11 and its 200-day moving average price is C$15.80.

High Liner Foods (TSE:HLF) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.14 EPS for the quarter. The firm had revenue of C$346.63 million for the quarter. High Liner Foods had a return on equity of 15.27% and a net margin of 6.31%. As a group, equities research analysts forecast that High Liner Foods Inc will post 1.9858934 earnings per share for the current fiscal year.

High Liner Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a dividend of $0.175 per share. The ex-dividend date was Monday, December 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.5%. High Liner Foods’s dividend payout ratio is currently 42.28%.

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.