High Liner Foods (TSE:HLF) Stock Passes Above 200 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 Monday . The stock has a two hundred day moving average of C$14.62 and traded as high as C$16.44. High Liner Foods shares last traded at C$16.42, with a volume of 20,882 shares changing hands.

Wall Street Analyst Weigh In

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

High Liner Foods Stock Performance

The company has a quick ratio of 0.38, a current ratio of 2.66 and a debt-to-equity ratio of 55.83. The stock has a market cap of C$341.84 million, a price-to-earnings ratio of 5.79 and a beta of 0.89. The stock’s fifty day moving average is C$15.86 and its 200-day moving average is C$14.66.

High Liner Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 15th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Wednesday, March 5th. High Liner Foods’s dividend payout ratio (DPR) 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.