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

Posted by ABMN Staff on Jan 30th, 2025

Shares of High Liner Foods Inc (TSE:HLF – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.10 and traded as high as C$15.79. High Liner Foods shares last traded at C$15.64, with a volume of 10,865 shares changing hands.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on HLF

High Liner Foods Trading Up 0.1 %

The business’s 50-day moving average price is C$15.57 and its two-hundred day moving average price is C$14.10. The company has a market capitalization of C$468.11 million, a P/E ratio of 8.10 and a beta of 0.89. The company has a debt-to-equity ratio of 61.80, a current ratio of 2.88 and a quick ratio of 0.38.

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

High Liner Foods Increases Dividend

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

High Liner Foods Company Profile

(Get Free Report)

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.