High Liner Foods (TSE:HLF) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

High Liner Foods Inc (TSE:HLF) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.48 and traded as high as C$16.19. High Liner Foods shares last traded at C$16.08, with a volume of 110,029 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HLF. Raymond James Financial lowered High Liner Foods from a “moderate buy” rating to a “hold” rating and lowered their target price for the company from C$22.00 to C$16.00 in a research note on Friday, November 7th. BMO Capital Markets reduced their target price on shares of High Liner Foods from C$20.50 to C$17.50 in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$18.63.

High Liner Foods Stock Performance

The stock has a market cap of C$467.67 million, a P/E ratio of 14.11 and a beta of 0.52. The stock has a fifty day simple moving average of C$15.41 and a 200-day simple moving average of C$15.48. 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 company also recently announced a quarterly dividend, which will be paid on Sunday, March 15th. Shareholders of record on Sunday, March 15th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, March 4th. High Liner Foods’s dividend payout ratio is presently 42.28%.

Insiders Place Their Bets

In other news, Director Andrew Hennigar purchased 10,000 shares of High Liner Foods stock in a transaction dated Tuesday, December 23rd. The shares were bought at an average cost of C$14.25 per share, with a total value of C$142,500.00. Following the completion of the transaction, the director directly owned 17,950 shares in the company, valued at C$255,787.50. This trade represents a 125.79% increase in their position. Company insiders own 44.28% of the company’s stock.

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. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.