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

High Liner Foods Inc (TSE:HLF)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Analysts Set New Price Targets

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

High Liner Foods Stock Performance

The stock’s 50 day moving average is C$14.65 and its two-hundred day moving average is C$13.73. The stock has a market capitalization of C$476.49 million, a price-to-earnings ratio of 8.25 and a beta of 0.89. The company has a current ratio of 2.88, a quick ratio of 0.38 and a debt-to-equity ratio of 61.80.

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 issued a dividend of $0.17 per share. The ex-dividend date was Friday, November 29th. This is an increase from High Liner Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend 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.