High Liner Foods (TSE:HLF) Reaches New 1-Year High – Should You Buy?

High Liner Foods Inc (TSE:HLF) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$17.34 and last traded at C$17.21, with a volume of 13339 shares. The stock had previously closed at C$16.96.

Analysts Set New Price Targets

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

High Liner Foods Price Performance

The firm has a market cap of C$356.93 million, a PE ratio of 6.04 and a beta of 0.89. The company has a debt-to-equity ratio of 55.83, a current ratio of 2.66 and a quick ratio of 0.38. The business’s fifty day moving average is C$16.06 and its 200-day moving average is C$14.88.

High Liner Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 15th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.99%. High Liner Foods’s dividend payout ratio (DPR) is presently 21.30%.

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.