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

High Liner Foods Inc (TSE:HLF)’s share price crossed 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 trading hands.

Analyst Ratings Changes

Separately, BMO Capital Markets lifted their price objective 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 Trading Down 1.0 %

The company has a 50 day simple moving average of C$15.89 and a two-hundred day simple moving average of C$14.74. The company has a debt-to-equity ratio of 55.83, a quick ratio of 0.38 and a current ratio of 2.66. The firm has a market cap of C$346.45 million, a PE ratio of 5.87 and a beta of 0.89.

High Liner Foods Dividend Announcement

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

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.