High Liner Foods (TSE:HLF) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

High Liner Foods Inc (TSE:HLF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.82 and traded as high as C$16.10. High Liner Foods shares last traded at C$16.08, with a volume of 9,909 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets boosted 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 0.5 %

The stock has a 50 day moving average of C$14.91 and a 200-day moving average of C$13.82. The company has a market capitalization of C$481.27 million, a P/E ratio of 8.33 and a beta of 0.89. The company has a current ratio of 2.88, a quick ratio of 0.38 and a debt-to-equity ratio of 61.80.

High Liner Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from High Liner Foods's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.23%. 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.