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

Shares of High Liner Foods Inc (TSE:HLF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.70 and traded as high as C$15.75. High Liner Foods shares last traded at C$15.65, with a volume of 8,608 shares changing hands.

Analysts Set New Price Targets

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

High Liner Foods Trading Down 0.3 %

The company has a debt-to-equity ratio of 61.80, a current ratio of 2.88 and a quick ratio of 0.38. The firm has a market cap of C$468.40 million, a price-to-earnings ratio of 8.11 and a beta of 0.89. The firm’s fifty day moving average is C$14.56 and its 200-day moving average is C$13.70.

High Liner Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.35%. This is an increase from High Liner Foods’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 29th. High Liner Foods’s payout ratio is currently 31.09%.

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.