High Liner Foods (TSE:HLF) Reaches New 52-Week Low – Should You Sell?

High Liner Foods Inc (TSE:HLF)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$13.23 and last traded at C$13.26, with a volume of 34325 shares traded. The stock had previously closed at C$13.28.

Analyst Upgrades and Downgrades

HLF has been the topic of several recent research reports. Royal Bank Of Canada set a C$20.00 target price on shares of High Liner Foods and gave the company a “sector perform” rating in a report on Thursday, September 18th. Raymond James Financial lowered shares of High Liner Foods from a “moderate buy” rating to a “hold” rating and dropped their price target for the stock from C$22.00 to C$16.00 in a research note on Friday, November 7th. Finally, BMO Capital Markets cut their price objective on High Liner Foods from C$20.50 to C$17.50 in a research note on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, High Liner Foods presently has an average rating of “Moderate Buy” and an average target price of C$18.63.

High Liner Foods Price Performance

The stock has a 50-day moving average of C$15.88 and a two-hundred day moving average of C$16.86. The firm has a market cap of C$379.78 million, a price-to-earnings ratio of 11.46 and a beta of 0.73. The company has a current ratio of 2.66, a quick ratio of 0.38 and a debt-to-equity ratio of 55.83.

High Liner Foods (TSE:HLF) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.16 EPS for the quarter. High Liner Foods had a return on equity of 15.27% and a net margin of 6.31%.The firm had revenue of C$346.63 million during the quarter. On average, analysts anticipate that High Liner Foods Inc will post 1.9858934 EPS for the current year.

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.