High Liner Foods (TSE:HLF) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

High Liner Foods Inc (TSE:HLF)’s stock price crossed 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.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted 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 Price 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 company has a 50 day simple moving average of C$14.91 and a 200-day simple moving average of C$13.82. The stock has a market cap 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 firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were issued a $0.17 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.68 dividend on an annualized basis and a yield of 4.23%. This is a boost from High Liner Foods’s previous quarterly dividend of $0.15. High Liner Foods’s dividend payout ratio (DPR) 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.