High Liner Foods (TSE:HLF) Stock Passes Above 200-Day Moving Average – Should You Sell?

High Liner Foods Inc (TSE:HLF)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.18 and traded as high as C$16.15. High Liner Foods shares last traded at C$16.00, with a volume of 8,656 shares traded.

Analyst Ratings Changes

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

High Liner Foods Stock Up 2.2 %

The stock has a market cap of C$478.88 million, a PE ratio of 8.29 and a beta of 0.89. The company has a current ratio of 2.88, a quick ratio of 0.38 and a debt-to-equity ratio of 61.80. The business has a 50-day moving average price of C$15.63 and a 200-day moving average price of C$14.18.

High Liner Foods (TSE:HLF) last announced its earnings results on Friday, November 8th. The company reported C$0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.38 by C($0.11). High Liner Foods had a net margin of 4.82% and a return on equity of 12.18%. During the same period in the previous year, the business posted $0.19 EPS. As a group, analysts forecast that High Liner Foods Inc will post 1.9858934 earnings per share for the current year.

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.