High Liner Foods (TSE:HLF) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

High Liner Foods Inc (TSE:HLF) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.45 and traded as high as C$15.92. High Liner Foods shares last traded at C$15.78, with a volume of 16,737 shares changing hands.

High Liner Foods Stock Performance

The company has a market cap of C$435.79 million, a price-to-earnings ratio of 12.62 and a beta of 0.55. The company has a debt-to-equity ratio of 73.59, a quick ratio of 0.38 and a current ratio of 2.18. The company has a fifty day moving average of C$15.81 and a two-hundred day moving average of C$15.45.

High Liner Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Sunday, March 15th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Wednesday, March 4th. High Liner Foods’s dividend payout ratio (DPR) is presently 40.17%.

Insider Activity

In other news, Director Andrew Hennigar acquired 10,000 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average price of C$14.25 per share, with a total value of C$142,500.00. Following the completion of the purchase, the director directly owned 17,950 shares of the company’s stock, valued at C$255,787.50. This represents a 125.79% increase in their position. 44.28% of the stock is owned by corporate insiders.

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.