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

High Liner Foods Inc (TSE:HLF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.82 and traded as high as C$16.10. High Liner Foods shares last traded at C$16.08, with a volume of 9,909 shares.

Analyst Ratings Changes

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

High Liner Foods Trading Up 0.5 %

The stock has a market cap of C$481.27 million, a PE ratio of 8.33 and a beta of 0.89. The stock’s fifty day moving average price is C$14.91 and its 200 day moving average price is C$13.82. The company has a quick ratio of 0.38, a current ratio of 2.88 and a debt-to-equity ratio of 61.80.

High Liner Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were issued 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 dividend on an annualized basis and a dividend yield of 4.23%. High Liner Foods’s dividend payout ratio (DPR) is presently 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.