High Liner Foods (TSE:HLF) Stock Passes Above 200-Day Moving Average – Should You Sell?

High Liner Foods Inc (TSE:HLF) crossed 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 report on Thursday, December 19th.

High Liner Foods Price Performance

The company has a quick ratio of 0.38, a current ratio of 2.88 and a debt-to-equity ratio of 61.80. The company has a 50 day simple moving average of C$15.21 and a 200-day simple moving average of C$13.93. The stock has a market cap of C$458.23 million, a price-to-earnings ratio of 7.93 and a beta of 0.89.

High Liner Foods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were given a dividend of $0.17 per share. 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 4.44%. The ex-dividend date of this dividend was Friday, November 29th. High Liner Foods’s dividend 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.