High Liner Foods (OTCMKTS:HLNFF) Stock Price Up 1.7% – Should You Buy?

High Liner Foods Incorporated (OTCMKTS:HLNFF)’s share price traded up 1.7% on Tuesday. The company traded as high as $10.21 and last traded at $10.21. Approximately 843 shares changed hands during trading, a decline of 66% from the average session volume of 2,450 shares. The stock had previously closed at $10.04.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of High Liner Foods in a research report on Monday, August 17th. BMO Capital Markets reaffirmed an “outperform” rating on shares of High Liner Foods in a research report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

High Liner Foods Price Performance

The stock’s 50-day moving average price is $10.48 and its 200 day moving average price is $10.39.

About High Liner Foods

High Liner Foods Incorporated is a Canadian seafood company that produces and markets frozen seafood products for retail and foodservice customers. Its offerings include value-added products such as breaded fish, fillets, portions, shrimp and other prepared seafood items, as well as products sold under private-label and company-owned brands.

The company’s branded portfolio includes High Liner, Fisher Boy and Sea Cuisine, among others. High Liner Foods sources seafood from various global fisheries and aquaculture operations and provides products to supermarkets, mass merchants, club stores, restaurants, institutions and other foodservice operators.

Founded in 1893 in Lunenburg, Nova Scotia, High Liner Foods has historical roots in Canada’s commercial fishing industry and later expanded into the processing and distribution of frozen seafood.