High Liner Foods (TSE:HLF) Share Price Passes Above 200-Day Moving Average – What’s Next?

High Liner Foods Inc (TSE:HLF)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.23 and traded as high as C$13.63. High Liner Foods shares last traded at C$13.40, with a volume of 15,730 shares traded.

High Liner Foods Stock Performance

The company has a current ratio of 2.88, a quick ratio of 0.38 and a debt-to-equity ratio of 61.80. The stock’s 50 day moving average is C$13.17 and its 200 day moving average is C$13.24. The stock has a market capitalization of C$404.95 million, a price-to-earnings ratio of 7.01 and a beta of 0.89.

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

High Liner Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Friday, August 30th. High Liner Foods’s 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.