Clearwater Seafoods (TSE:CLR) Shares Pass Above 50-Day Moving Average of $5.49

Clearwater Seafoods Inc (TSE:CLR)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.49 and traded as high as $5.90. Clearwater Seafoods shares last traded at $5.85, with a volume of 4,900 shares.

Separately, BMO Capital Markets dropped their target price on shares of Clearwater Seafoods from C$6.00 to C$5.75 in a report on Friday, August 9th.

The company has a quick ratio of 1.06, a current ratio of 2.33 and a debt-to-equity ratio of 299.05. The stock’s fifty day moving average price is C$5.50 and its two-hundred day moving average price is C$5.23. The company has a market capitalization of $381.16 million and a PE ratio of 25.48.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.05 per share. The ex-dividend date was Friday, August 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.44%. Clearwater Seafoods’s dividend payout ratio is currently 87.72%.

About Clearwater Seafoods (TSE:CLR)

Clearwater Seafoods Incorporated, through its investment in Clearwater Seafoods Limited Partnership, harvests, processes, markets, and distributes seafood worldwide. Its seafood products include shellfish, scallops, lobsters, clams, coldwater shrimps, crabs, ground fish, langoustines, and whelks. The company was formerly known as Clearwater Seafoods Income Fund and changed its name to Clearwater Seafoods Incorporated in October 2011.

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