Clearwater Seafoods (TSE:CLR) Stock Price Passes Above 50-Day Moving Average of $5.49

Clearwater Seafoods Inc (TSE:CLR)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.49 and traded as high as $5.90. Clearwater Seafoods shares last traded at $5.85, with a volume of 4,900 shares traded.

Separately, BMO Capital Markets decreased their price target on shares of Clearwater Seafoods from C$6.00 to C$5.75 in a report on Friday, August 9th.

The stock has a market cap of $381.16 million and a P/E ratio of 25.48. The firm’s fifty day moving average price is C$5.50 and its two-hundred day moving average price is C$5.23. The company has a debt-to-equity ratio of 299.05, a current ratio of 2.33 and a quick ratio of 1.06.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, September 3rd were issued a $0.05 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.20 annualized dividend and a dividend yield of 3.44%. Clearwater Seafoods’s payout ratio is currently 87.72%.

About Clearwater Seafoods (TSE:CLR)

Clearwater Seafoods Incorporated, through its investment in Clearwater Seafoods Limited Partnership, harvests, processes, markets, and distributes seafood worldwide. Its seafood products include shellfish, scallops, lobsters, clams, coldwater shrimps, crabs, ground fish, langoustines, and whelks. The company was formerly known as Clearwater Seafoods Income Fund and changed its name to Clearwater Seafoods Incorporated in October 2011.

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