High Liner Foods (TSE:HLF) Shares Cross Above 200 Day Moving Average – Here’s Why

High Liner Foods Inc (TSE:HLF)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.06 and traded as high as C$16.82. High Liner Foods shares last traded at C$16.77, with a volume of 25,452 shares.

Analyst Ratings Changes

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

High Liner Foods Price Performance

The firm has a 50 day moving average price of C$16.29 and a two-hundred day moving average price of C$15.06. The company has a market cap of C$351.48 million, a P/E ratio of 5.95 and a beta of 0.89. The company has a debt-to-equity ratio of 55.83, a quick ratio of 0.38 and a current ratio of 2.66.

High Liner Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 15th were issued a dividend of $0.17 per share. 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 dividend payout ratio (DPR) is presently 21.30%.

Insider Transactions at High Liner Foods

In other news, insider High Liner Foods Incorporated sold 184,500 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$17.02, for a total value of C$3,140,190.00. Corporate insiders own 44.28% of the company’s stock.

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.