High Liner Foods (TSE:HLF) Stock Crosses Above 200 Day Moving Average of $12.27

High Liner Foods Inc (TSE:HLF)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.27 and traded as high as C$13.36. High Liner Foods shares last traded at C$13.28, with a volume of 2,100 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HLF. BMO Capital Markets lifted their price objective on High Liner Foods from C$13.50 to C$14.00 in a report on Thursday, March 7th. Cormark upped their price target on shares of High Liner Foods from C$17.00 to C$18.25 in a report on Wednesday, March 6th. Finally, Royal Bank of Canada raised their price target on shares of High Liner Foods from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th.

High Liner Foods Stock Performance

The business has a fifty day moving average of C$13.22 and a 200 day moving average of C$12.28. The company has a market cap of C$433.03 million, a P/E ratio of 10.49 and a beta of 0.89. The company has a quick ratio of 0.38, a current ratio of 2.55 and a debt-to-equity ratio of 65.71.

High Liner Foods (TSE:HLF) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C$0.74 EPS for the quarter, topping the consensus estimate of C$0.44 by C$0.30. High Liner Foods had a net margin of 2.93% and a return on equity of 8.34%. The business had revenue of C$373.40 million during the quarter, compared to analyst estimates of C$407.59 million. On average, equities analysts predict that High Liner Foods Inc will post 1.7705803 EPS for the current year.

High Liner Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 15th will be issued a $0.15 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.60 annualized dividend and a yield of 4.56%. High Liner Foods’s dividend payout ratio (DPR) is presently 47.24%.

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.