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

High Liner Foods Inc (TSE:HLF)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.26 and traded as high as C$17.96. High Liner Foods shares last traded at C$17.75, with a volume of 13,117 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HLF shares. Royal Bank of Canada upgraded High Liner Foods to a “hold” rating in a report on Friday, May 23rd. Canaccord Genuity Group set a C$21.00 price objective on High Liner Foods and gave the stock a “buy” rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets boosted their price objective on High Liner Foods from C$19.00 to C$19.50 in a report on Thursday, May 22nd.

High Liner Foods Trading Up 0.4%

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 business’s 50-day moving average price is C$17.11 and its two-hundred day moving average price is C$16.26. The company has a market capitalization of C$372.02 million, a price-to-earnings ratio of 6.30 and a beta of 0.89.

Insider Activity

In other news, insider High Liner Foods Incorporated sold 184,500 shares of High Liner Foods stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of C$17.02, for a total value of C$3,140,190.00. 44.28% of the stock is owned by company insiders.

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.