High Liner Foods (TSE:HLF) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of High Liner Foods Inc (TSE:HLFGet Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.85 and traded as high as C$15.47. High Liner Foods shares last traded at C$15.30, with a volume of 11,823 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada cut their price target on High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$16.70.

Get Our Latest Stock Analysis on HLF

High Liner Foods Stock Performance

The stock has a market capitalization of C$429.58 million, a P/E ratio of 17.39 and a beta of 0.72. The company has a current ratio of 2.29, a quick ratio of 0.38 and a debt-to-equity ratio of 80.12. The company has a 50-day moving average price of C$14.77 and a two-hundred day moving average price of C$14.85.

High Liner Foods (TSE:HLFGet Free Report) last announced its earnings results on Thursday, August 13th. The company reported C$0.63 EPS for the quarter. High Liner Foods had a return on equity of 6.27% and a net margin of 2.31%.The company had revenue of C$382.35 million for the quarter. During the same quarter in the previous year, the company earned $0.28 EPS. On average, equities analysts forecast that High Liner Foods Inc will post 1.9858934 earnings per share for the current year.

High Liner Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, June 1st. High Liner Foods’s dividend payout ratio is presently 57.23%.

High Liner Foods Company Profile

(Get Free Report)

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.

Further Reading

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