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

High Liner Foods Inc (TSE:HLF)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.70 and traded as high as C$15.75. High Liner Foods shares last traded at C$15.65, with a volume of 8,608 shares.

Wall Street Analysts Forecast Growth

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

High Liner Foods Stock Performance

The company’s 50 day moving average price is C$14.56 and its 200-day moving average price is C$13.70. The stock has a market cap of C$468.40 million, a P/E ratio of 8.11 and a beta of 0.89. The company has a debt-to-equity ratio of 61.80, a quick ratio of 0.38 and a current ratio of 2.88.

High Liner Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.17 dividend. This is a positive change from High Liner Foods’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 29th. This represents a $0.68 annualized dividend and a yield of 4.35%. High Liner Foods’s dividend payout ratio (DPR) is 31.09%.

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.