High Liner Foods (TSE:HLF) Shares Pass Above 200-Day Moving Average – Should You Sell?

High Liner Foods Inc (TSE:HLF) shares crossed 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 changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BMO Capital Markets reduced their price objective on shares of High Liner Foods from C$20.50 to C$17.50 in a research note on Monday, November 10th. Raymond James Financial lowered shares of High Liner Foods from a “moderate buy” rating to a “hold” rating and reduced their price target for the company from C$22.00 to C$16.00 in a research report on Friday, November 7th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, High Liner Foods currently has an average rating of “Moderate Buy” and an average target price of C$18.63.

High Liner Foods Trading Down 0.6%

The firm has a market capitalization of C$463.35 million, a P/E ratio of 13.98 and a beta of 0.52. The company has a quick ratio of 0.38, a current ratio of 2.66 and a debt-to-equity ratio of 55.83. The firm’s 50-day simple moving average is C$15.37 and its 200-day simple moving average is C$15.48.

High Liner Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, December 1st. High Liner Foods’s dividend payout ratio is currently 42.28%.

Insiders Place Their Bets

In other news, Director Andrew Hennigar purchased 10,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was purchased 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 in the company, valued at approximately C$255,787.50. This trade represents a 125.79% increase in their position. 44.28% of the stock is owned by insiders.

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.