High Liner Foods (TSE:HLF) Reaches New 1-Year High – Time to Buy?

High Liner Foods Inc (TSE:HLF)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$17.34 and last traded at C$17.21, with a volume of 13339 shares changing hands. The stock had previously closed at C$16.96.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets boosted 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 Trading Up 0.3 %

The company has a 50-day moving average of C$15.99 and a 200 day moving average of C$14.83. The company has a debt-to-equity ratio of 55.83, a current ratio of 2.66 and a quick ratio of 0.38. The company has a market cap of C$356.51 million, a PE ratio of 6.04 and a beta of 0.89.

High Liner Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders 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 annualized dividend and a dividend yield of 4.00%. High Liner Foods’s payout ratio is 21.30%.

About High Liner Foods

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.