High Liner Foods (TSE:HLF) Shares Cross Above 200 Day Moving Average – Here’s Why

High Liner Foods Inc (TSE:HLF) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$15.53 and traded as high as C$16.41. High Liner Foods shares last traded at C$16.26, with a volume of 45,232 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HLF. Raymond James Financial downgraded High Liner Foods from a “moderate buy” rating to a “hold” rating and decreased their price objective 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 shares of High Liner Foods from C$20.50 to C$17.50 in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$18.63.

High Liner Foods Stock Down 0.9%

The firm has a market cap of C$468.53 million, a price-to-earnings ratio of 14.14 and a beta of 0.52. The company has a quick ratio of 0.38, a current ratio of 2.66 and a debt-to-equity ratio of 55.83. The firm has a fifty day moving average price of C$14.84 and a 200-day moving average price of C$15.53.

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

High Liner Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a $0.175 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.70 annualized dividend and a yield of 4.3%. High Liner Foods’s dividend payout ratio (DPR) is 42.28%.

Insider Activity at High Liner Foods

In other news, Director Andrew Hennigar bought 10,000 shares of High Liner Foods stock in a transaction dated Tuesday, December 23rd. The shares were acquired at an average cost 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. This trade represents a 125.79% increase in their position. 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.