High Liner Foods (TSE:HLF) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Shares of High Liner Foods Inc (TSE:HLF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.82 and traded as high as C$16.10. High Liner Foods shares last traded at C$16.08, with a volume of 9,909 shares trading hands.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets boosted their price target on shares of High Liner Foods from C$14.50 to C$16.40 in a research note on Thursday, December 19th.

High Liner Foods Trading Up 0.5 %

The business’s 50 day simple moving average is C$14.91 and its 200 day simple moving average is C$13.82. The company has a debt-to-equity ratio of 61.80, a current ratio of 2.88 and a quick ratio of 0.38. The company has a market capitalization of C$481.27 million, a price-to-earnings ratio of 8.33 and a beta of 0.89.

High Liner Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.23%. This is an increase from High Liner Foods’s previous quarterly dividend of $0.15. High Liner Foods’s dividend payout ratio is currently 31.09%.

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.