High Liner Foods (TSE:HLF) Stock Price Passes Above 200-Day Moving Average – Here’s Why

High Liner Foods Inc (TSE:HLF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.62 and traded as high as C$18.39. High Liner Foods shares last traded at C$17.81, with a volume of 19,744 shares.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HLF. BMO Capital Markets upped their price objective on High Liner Foods from C$19.00 to C$19.50 in a research report on Thursday, May 22nd. Raymond James Financial set a C$22.00 price objective on High Liner Foods and gave the company an “outperform” rating in a research report on Tuesday, June 17th. Canaccord Genuity Group set a C$21.00 target price on shares of High Liner Foods and gave the company a “buy” rating in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of High Liner Foods from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Monday, June 9th.

High Liner Foods Price Performance

The firm has a market capitalization of C$373.28 million, a price-to-earnings ratio of 6.32 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. The company’s fifty day moving average price is C$17.66 and its 200 day moving average price is C$16.62.

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.