High Liner Foods (TSE:HLF) Hits New 12-Month High – What’s Next?

High Liner Foods Inc (TSE:HLF)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$16.89 and last traded at C$16.72, with a volume of 14525 shares changing hands. The stock had previously closed at C$16.53.

Analyst Upgrades and Downgrades

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

High Liner Foods Trading Up 1.6 %

The business has a 50 day simple moving average of C$15.89 and a 200 day simple moving average of C$14.74. The company has a debt-to-equity ratio of 55.83, a current ratio of 2.66 and a quick ratio of 0.38. The company has a market cap of C$352.11 million, a price-to-earnings ratio of 5.96 and a beta of 0.89.

High Liner Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 15th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Wednesday, March 5th. High Liner Foods’s payout ratio is presently 21.30%.

High Liner Foods Company Profile

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.