High Liner Foods (TSE:HLF) Shares Cross Above 200 Day Moving Average – What’s Next?

High Liner Foods Inc (TSE:HLF)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.78 and traded as high as C$14.86. High Liner Foods shares last traded at C$14.73, with a volume of 28,355 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Raymond James Financial lowered their target price on shares of High Liner Foods from C$17.00 to C$15.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 15th. Ventum Financial set a C$15.50 target price on shares of High Liner Foods and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada lowered their target price on shares of High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 28th. Finally, ATB Cormark Capital Markets lowered their target price on shares of High Liner Foods from C$24.00 to C$19.50 and set a “speculative buy” rating on the stock in a research note on Monday, April 6th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$16.70.

High Liner Foods Stock Down 0.1%

The company has a current ratio of 2.45, a quick ratio of 0.38 and a debt-to-equity ratio of 75.38. The firm has a market cap of C$413.57 million, a P/E ratio of 15.03 and a beta of 0.69. The company’s 50 day simple moving average is C$14.14 and its 200-day simple moving average is C$14.78.

High Liner Foods (TSE:HLF) last posted its earnings results on Wednesday, May 13th. The company reported C$0.54 earnings per share (EPS) for the quarter. The business had revenue of C$467.13 million for the quarter. High Liner Foods had a net margin of 2.68% and a return on equity of 7.07%. Research analysts forecast 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, June 15th. Stockholders of record on Monday, June 15th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, June 1st. High Liner Foods’s dividend payout ratio is 51.08%.

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. 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.