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

High Liner Foods logo with Consumer Defensive background

High Liner Foods Inc (TSE:HLF - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.24 and traded as high as C$13.25. High Liner Foods shares last traded at C$13.15, with a volume of 6,856 shares.

High Liner Foods Stock Performance

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 cap of C$393.58 million, a price-to-earnings ratio of 6.81 and a beta of 0.89. The company has a debt-to-equity ratio of 61.80, a current ratio of 2.88 and a quick ratio of 0.38.

High Liner Foods (TSE:HLF - Get Free Report) last posted 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 return on equity of 12.18% and a net margin of 4.82%. The business had revenue of C$298.72 million during the quarter, compared to analysts' expectations of C$286.86 million. As a group, analysts predict that High Liner Foods Inc will post 1.9858934 earnings per share for the current fiscal year.

High Liner Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.56%. High Liner Foods's dividend payout ratio is presently 31.09%.

About High Liner Foods

(Get Free Report)

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.

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