High Liner Foods (TSE:HLF) Reaches New 12-Month High – What’s Next?

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

Wall Street Analysts Forecast Growth

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

High Liner Foods Trading Up 0.2 %

The firm has a 50 day moving average price of C$15.93 and a two-hundred day moving average price of C$14.79. The company has a market cap of C$346.45 million, a price-to-earnings ratio of 5.87 and a beta of 0.89. The company has a quick ratio of 0.38, a current ratio of 2.66 and a debt-to-equity ratio of 55.83.

High Liner Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 15th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 4.11%. High Liner Foods’s dividend payout ratio is currently 21.30%.

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.