High Liner Foods (TSE:HLF) Hits New 52-Week High – Time to Buy?

High Liner Foods Inc (TSE:HLF) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$13.95 and last traded at C$13.50, with a volume of 18838 shares traded. The stock had previously closed at C$13.47.

High Liner Foods Stock Down 0.7 %

The firm has a market cap of C$400.46 million, a P/E ratio of 6.98 and a beta of 0.89. 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 firm has a fifty day moving average of C$13.12 and a 200-day moving average of C$13.22.

High Liner Foods (TSE:HLF) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.35 by C$0.12. The firm had revenue of C$298.72 million for the quarter, compared to analyst estimates of C$286.86 million. High Liner Foods had a return on equity of 12.18% and a net margin of 4.82%. On average, equities research analysts anticipate that High Liner Foods Inc will post 1.9858934 earnings per share for the current year.

High Liner Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were paid a $0.15 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.60 annualized dividend and a yield of 4.48%. High Liner Foods’s dividend payout ratio is 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.