High Liner Foods (TSE:HLF) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

High Liner Foods Inc (TSE:HLF)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.74 and traded as high as C$16.78. High Liner Foods shares last traded at C$16.53, with a volume of 14,369 shares trading hands.

Analyst Upgrades and Downgrades

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

High Liner Foods Stock Performance

The company’s 50 day moving average is C$15.92 and its 200 day moving average is C$14.77. The firm has a market cap of C$345.61 million, a P/E ratio of 5.85 and a beta of 0.89. The company has a debt-to-equity ratio of 55.83, a quick ratio of 0.38 and a current ratio of 2.66.

High Liner Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 15th were issued a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 4.12%. High Liner Foods’s payout ratio is presently 21.30%.

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.