High Liner Foods (TSE:HLF) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

High Liner Foods Inc (TSE:HLF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.62 and traded as high as C$16.44. High Liner Foods shares last traded at C$16.42, with a volume of 20,882 shares changing hands.

Analyst Ratings Changes

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

High Liner Foods Price Performance

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 company has a 50 day simple moving average of C$15.86 and a 200 day simple moving average of C$14.66. The stock has a market cap of C$341.84 million, a P/E ratio of 5.79 and a beta of 0.89.

High Liner Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 15th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.17%. The ex-dividend date is Wednesday, March 5th. High Liner Foods’s payout ratio is 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.