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

High Liner Foods Inc (TSE:HLF) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.81 and traded as high as C$15.08. High Liner Foods shares last traded at C$15.04, with a volume of 14,234 shares.

High Liner Foods Trading Down 0.2%

The business has a 50 day moving average of C$14.83 and a two-hundred day moving average of C$14.80. The company has a current ratio of 2.29, a quick ratio of 0.38 and a debt-to-equity ratio of 80.12. The firm has a market cap of C$408.31 million, a P/E ratio of 16.57 and a beta of 0.72.

High Liner Foods (TSE:HLF) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.63 earnings per share (EPS) for the quarter. High Liner Foods had a return on equity of 6.27% and a net margin of 2.31%.The business had revenue of C$382.35 million during the quarter. During the same period in the prior year, the business earned $0.28 EPS. Analysts predict that High Liner Foods Inc will post 1.9858934 earnings per share for the current year.

High Liner Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. High Liner Foods’s payout ratio is presently 57.23%.

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. 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.