High Liner Foods (TSE:HLF) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of High Liner Foods Inc (TSE:HLF) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.45 and traded as high as C$15.92. High Liner Foods shares last traded at C$15.78, with a volume of 16,737 shares.

High Liner Foods Stock Up 1.2%

The company has a market cap of C$446.54 million, a P/E ratio of 12.93 and a beta of 0.55. The company has a debt-to-equity ratio of 73.59, a quick ratio of 0.38 and a current ratio of 2.18. The business’s fifty day moving average is C$15.79 and its two-hundred day moving average is C$15.45.

High Liner Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Sunday, March 15th were issued a $0.175 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.4%. High Liner Foods’s payout ratio is presently 40.17%.

Insiders Place Their Bets

In other news, Director Andrew Hennigar bought 10,000 shares of the stock in a transaction on Tuesday, December 23rd. The stock was acquired at an average cost of C$14.25 per share, for a total transaction of C$142,500.00. Following the acquisition, the director owned 17,950 shares of the company’s stock, valued at C$255,787.50. This represents a 125.79% increase in their ownership of the stock. 44.28% of the stock is currently owned by company insiders.

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. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.