High Liner Foods (TSE:HLF) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

High Liner Foods Inc (TSE:HLF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.93 and traded as high as C$15.98. High Liner Foods shares last traded at C$15.31, with a volume of 19,987 shares trading hands.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised their price objective on shares of High Liner Foods from C$14.50 to C$16.40 in a research note on Thursday, December 19th.

High Liner Foods Stock Down 0.8 %

The firm has a 50 day moving average of C$15.29 and a two-hundred day moving average of C$13.95. The stock has a market capitalization of C$451.64 million, a PE ratio of 7.82 and a beta of 0.89. The company has a current ratio of 2.88, a quick ratio of 0.38 and a debt-to-equity ratio of 61.80.

High Liner Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from High Liner Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 4.51%. High Liner Foods’s payout ratio is currently 31.09%.

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.