High Liner Foods (TSE:HLF) Reaches New 52-Week High – Here’s What Happened

High Liner Foods Inc (TSE:HLF) reached a new 52-week high on Tuesday . The company traded as high as C$17.34 and last traded at C$17.21, with a volume of 13339 shares changing hands. The stock had previously closed at C$16.96.

Wall Street Analyst Weigh In

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

High Liner Foods Price Performance

The firm has a market cap of C$356.93 million, a P/E ratio of 6.04 and a beta of 0.89. The business has a 50-day simple moving average of C$16.06 and a 200 day simple moving average of C$14.88. The company has a debt-to-equity ratio of 55.83, a quick ratio of 0.38 and a current ratio of 2.66.

High Liner Foods Dividend Announcement

The firm 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. This represents a $0.68 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Wednesday, March 5th. High Liner Foods’s payout ratio is 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.