High Liner Foods (TSE:HLF) Stock Price Passes Above 200 Day Moving Average of $12.53

High Liner Foods Inc (TSE:HLFGet Rating)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.53 and traded as high as C$13.24. High Liner Foods shares last traded at C$13.05, with a volume of 4,071 shares.

Analysts Set New Price Targets

Several equities analysts have weighed in on HLF shares. Scotiabank raised their price target on High Liner Foods from C$14.00 to C$16.00 in a research report on Thursday, August 11th. Royal Bank of Canada lifted their price objective on High Liner Foods from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research report on Thursday, August 11th.

High Liner Foods Stock Performance

The company has a quick ratio of 0.46, a current ratio of 2.26 and a debt-to-equity ratio of 80.74. The stock has a 50 day simple moving average of C$12.86 and a 200 day simple moving average of C$12.53. The company has a market cap of C$432.96 million and a price-to-earnings ratio of 7.02.

High Liner Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Wednesday, August 31st. High Liner Foods’s dividend payout ratio (DPR) is 15.67%.

Insider Activity at High Liner Foods

In other news, insider High Liner Foods Incorporated acquired 7,230 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was purchased at an average cost of C$12.49 per share, with a total value of C$90,317.16. Following the completion of the acquisition, the insider now directly owns 7,230 shares in the company, valued at C$90,317.16. Insiders bought a total of 41,706 shares of company stock valued at $510,445 over the last three months.

About High Liner Foods

(Get Rating)

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.

Further Reading

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