High Liner Foods (TSE:HLF) Stock Breaks Below Two Hundred Day Moving Average – What’s Next?

High Liner Foods Inc (TSE:HLF)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$14.49 and traded as low as C$13.85. High Liner Foods shares last traded at C$14.21, with a volume of 24,088 shares.

High Liner Foods Price Performance

The stock has a 50 day moving average of C$14.58 and a two-hundred day moving average of C$14.49. The company has a debt-to-equity ratio of 80.12, a quick ratio of 0.38 and a current ratio of 2.29. The firm has a market capitalization of C$397.95 million, a P/E ratio of 16.15 and a beta of 0.59.

High Liner Foods (TSE:HLF) last released its quarterly earnings results on Thursday, August 13th. The company reported C$0.63 EPS for the quarter. The company had revenue of C$382.35 million for the quarter. High Liner Foods had a net margin of 2.30% and a return on equity of 6.30%. During the same period in the prior year, the business earned $0.28 EPS. Sell-side analysts predict that High Liner Foods Inc will post 1.9858934 earnings per share for the current fiscal year.

High Liner Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were issued a $0.1750 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.70 annualized dividend and a yield of 4.9%. High Liner Foods’s dividend payout ratio is 57.23%.

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.