High Liner Foods (TSE:HLF) Shares Cross Below 200-Day Moving Average – Here’s What Happened
by Danessa Lincoln · The Markets DailyShares of High Liner Foods Inc (TSE:HLF – Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$15.80 and traded as low as C$15.25. High Liner Foods shares last traded at C$15.40, with a volume of 49,207 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. BMO Capital Markets cut their price target on shares of High Liner Foods from C$20.50 to C$17.50 in a report on Monday, November 10th. Raymond James Financial lowered shares of High Liner Foods from a “moderate buy” rating to a “hold” rating and dropped their target price for the company from C$22.00 to C$16.00 in a research report on Friday, November 7th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$18.63.
Read Our Latest Analysis on HLF
High Liner Foods Price Performance
The company has a 50-day moving average of C$14.11 and a 200 day moving average of C$15.80. The company has a quick ratio of 0.38, a current ratio of 2.66 and a debt-to-equity ratio of 55.83. The stock has a market capitalization of C$443.75 million, a PE ratio of 13.39 and a beta of 0.53.
High Liner Foods (TSE:HLF – Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported C$0.14 earnings per share (EPS) for the quarter. High Liner Foods had a net margin of 6.31% and a return on equity of 15.27%. The company had revenue of C$346.63 million for the quarter. Sell-side analysts predict that High Liner Foods Inc will post 1.9858934 EPS for the current year.
High Liner Foods Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, December 1st. High Liner Foods’s dividend payout ratio is currently 42.28%.
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. 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.