High Liner Foods (TSE:HLF) Reaches New 1-Year High - Time to Buy?

High Liner Foods Inc (TSE:HLF - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$16.23 and last traded at C$16.00, with a volume of 11497 shares trading hands. The stock had previously closed at C$16.08.

Analyst Upgrades and Downgrades

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

High Liner Foods Stock Performance

The company's 50 day moving average price is C$14.96 and its 200-day moving average price is C$13.84. The company has a debt-to-equity ratio of 61.80, a quick ratio of 0.38 and a current ratio of 2.88. The company has a market cap of C$478.88 million, a PE ratio of 8.29 and a beta of 0.89.

High Liner Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.25%. This is a positive change from High Liner Foods's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 29th. High Liner Foods's payout ratio is currently 31.09%.

High Liner Foods Company Profile

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.