High Liner Foods (TSE:HLF) Shares Pass Above 200 Day Moving Average – Here’s What Happened

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$14.74 and traded as high as C$16.78. High Liner Foods shares last traded at C$16.53, with a volume of 14,369 shares changing hands.

Wall Street Analysts Forecast Growth

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

High Liner Foods Stock Performance

The firm has a market capitalization of C$345.61 million, a price-to-earnings ratio of 5.85 and a beta of 0.89. The company has a quick ratio of 0.38, a current ratio of 2.66 and a debt-to-equity ratio of 55.83. The stock’s fifty day moving average is C$15.92 and its two-hundred day moving average is C$14.77.

High Liner Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 15th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 4.12%. High Liner Foods’s dividend payout ratio is presently 21.30%.

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.