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

Shares of High Liner Foods Inc (TSE:HLF) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.60 and traded as high as C$15.69. High Liner Foods shares last traded at C$15.68, with a volume of 13,471 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HLF shares. Raymond James Financial downgraded High Liner Foods from a “moderate buy” rating to a “hold” rating and reduced their target price for the company from C$22.00 to C$16.00 in a report on Friday, November 7th. BMO Capital Markets lowered their target price on High Liner Foods from C$20.50 to C$17.50 in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$18.63.

High Liner Foods Stock Up 1.2%

The company has a market cap of C$451.82 million, a price-to-earnings ratio of 13.63 and a beta of 0.53. 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 stock’s fifty day moving average is C$14.51 and its two-hundred day moving average is C$15.60.

High Liner Foods (TSE:HLF) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.14 EPS for the quarter. The firm had revenue of C$346.63 million during the quarter. High Liner Foods had a return on equity of 15.27% and a net margin of 6.31%. Sell-side analysts predict that High Liner Foods Inc will post 1.9858934 earnings per share for the current fiscal year.

High Liner Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, December 1st. High Liner Foods’s dividend payout ratio is 42.28%.

Insider Buying and Selling

In related news, Director Andrew Hennigar acquired 10,000 shares of the stock in a transaction on Tuesday, December 23rd. The shares were acquired at an average price of C$14.25 per share, with a total value of C$142,500.00. Following the completion of the transaction, the director owned 17,950 shares in the company, valued at approximately C$255,787.50. The trade was a 125.79% increase in their position. Corporate insiders own 44.28% of the company’s stock.

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. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.