High Liner Foods (TSE:HLF) Hits New 52-Week High – Time to Buy?

High Liner Foods Inc (TSE:HLF) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$16.89 and last traded at C$16.72, with a volume of 14525 shares changing hands. The stock had previously closed at C$16.53.

Analysts Set New Price Targets

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

High Liner Foods Trading Up 1.6 %

The company’s fifty day moving average is C$15.89 and its 200-day moving average is C$14.74. 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 firm has a market capitalization of C$352.11 million, a P/E ratio of 5.96 and a beta of 0.89.

High Liner Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 15th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 4.05%. High Liner Foods’s payout ratio is 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.