High Liner Foods (TSE:HLF) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

High Liner Foods Inc (TSE:HLF) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.80 and traded as low as C$15.25. High Liner Foods shares last traded at C$15.40, with a volume of 49,207 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on HLF. BMO Capital Markets decreased their price objective on shares of High Liner Foods from C$20.50 to C$17.50 in a report on Monday, November 10th. Raymond James Financial downgraded shares of High Liner Foods from a “moderate buy” rating to a “hold” rating and cut their target price for the stock from C$22.00 to C$16.00 in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$18.63.

High Liner Foods Stock Up 0.5%

The company has a current ratio of 2.66, a quick ratio of 0.38 and a debt-to-equity ratio of 55.83. The stock has a market cap of C$444.33 million, a P/E ratio of 13.41 and a beta of 0.53. The company’s 50 day moving average price is C$14.18 and its two-hundred day moving average price is C$15.77.

High Liner Foods (TSE:HLF) last announced its earnings results on Wednesday, November 5th. The company reported C$0.14 EPS for the quarter. The business had revenue of C$346.63 million during the quarter. High Liner Foods had a net margin of 6.31% and a return on equity of 15.27%. Equities analysts forecast that High Liner Foods Inc will post 1.9858934 earnings per share for the current year.

High Liner Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, December 1st. High Liner Foods’s dividend payout ratio (DPR) is currently 42.28%.

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. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.