High Liner Foods (TSE:HLF) Reaches New 1-Year High - Here's What Happened

High Liner Foods Inc (TSE:HLF - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$16.89 and last traded at C$16.72, with a volume of 14525 shares. The stock had previously closed at C$16.53.

Wall Street Analysts Forecast Growth

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

High Liner Foods Trading Up 0.2 %

The company has a current ratio of 2.66, a quick ratio of 0.38 and a debt-to-equity ratio of 55.83. The business has a 50 day simple moving average of C$15.95 and a two-hundred day simple moving average of C$14.82. The stock has a market cap of C$346.45 million, a price-to-earnings ratio of 5.87 and a beta of 0.89.

High Liner Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 15th were paid a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.11%. 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.