High Liner Foods (TSE:HLF) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

High Liner Foods Inc (TSE:HLF) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.86 and traded as high as C$14.97. High Liner Foods shares last traded at C$14.92, with a volume of 17,346 shares trading hands.

Wall Street Analyst Weigh In

HLF has been the subject of a number of recent research reports. Ventum Financial set a C$15.50 price target on shares of High Liner Foods and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. ATB Cormark Capital Markets dropped their target price on shares of High Liner Foods from C$24.00 to C$19.50 and set a “speculative buy” rating for the company in a research report on Monday, April 6th. Royal Bank Of Canada cut their price target on 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, Raymond James Financial reduced their price target on High Liner Foods from C$17.00 to C$15.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$16.70.

High Liner Foods Trading Up 1.2%

The company has a market capitalization of C$418.91 million, a P/E ratio of 15.22 and a beta of 0.69. The business has a 50 day moving average price of C$14.31 and a 200 day moving average price of C$14.86. The company has a current ratio of 2.45, a quick ratio of 0.38 and a debt-to-equity ratio of 75.38.

High Liner Foods (TSE:HLF) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.54 earnings per share for the quarter. The business had revenue of C$467.12 million for the quarter. High Liner Foods had a net margin of 2.68% and a return on equity of 7.07%. Analysts anticipate that High Liner Foods Inc will post 1.9858934 EPS for the current year.

High Liner Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a $0.175 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.70 annualized dividend and a yield of 4.7%. High Liner Foods’s dividend payout ratio (DPR) is 51.08%.

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.