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

High Liner Foods Inc (TSE:HLF) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$13.70 and traded as high as C$15.75. High Liner Foods shares last traded at C$15.65, with a volume of 8,608 shares changing hands.

Analyst Ratings Changes

Separately, BMO Capital Markets raised their price objective 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 Stock Performance

The company has a quick ratio of 0.38, a current ratio of 2.88 and a debt-to-equity ratio of 61.80. The stock has a market cap of C$476.49 million, a P/E ratio of 8.25 and a beta of 0.89. The stock has a fifty day simple moving average of C$14.65 and a 200-day simple moving average of C$13.73.

High Liner Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were paid a dividend of $0.17 per share. This is a positive change from High Liner Foods’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 29th. This represents a $0.68 annualized dividend and a yield of 4.27%. High Liner Foods’s dividend payout ratio (DPR) is presently 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.