High Liner Foods (TSE:HLF) Hits New 52-Week High – Here’s Why

High Liner Foods Inc (TSE:HLF) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$16.23 and last traded at C$16.00, with a volume of 11497 shares changing hands. The stock had previously closed at C$16.08.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets upped their target price on shares of High Liner Foods from C$14.50 to C$16.40 in a research note on Thursday, December 19th.

High Liner Foods Stock Down 1.3 %

The firm’s 50-day moving average price is C$15.01 and its two-hundred day moving average price is C$13.86. The company has a debt-to-equity ratio of 61.80, a quick ratio of 0.38 and a current ratio of 2.88. The firm has a market cap of C$463.02 million, a PE ratio of 8.02 and a beta of 0.89.

High Liner Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from High Liner Foods’s previous quarterly dividend of $0.15. High Liner Foods’s dividend payout ratio is currently 31.09%.

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.