What’s Behind High Liner Foods’ Stock Movement?

December 27, 2024 08:43 PM AEDT | By Team Kalkine Media

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What’s Behind High Liner Foods’ Stock Movement? — Image source: shutterstock

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Highlights

High Liner Foods Inc. shares recently surpassed their 200-day moving average.

The company focuses on processing and marketing value-added frozen seafood in North America.

Key financial metrics include a significant market capitalization and a notable debt-to-equity ratio.

High Liner Foods Inc. (TSX:HLF) operates within the food processing sector, specializing in the processing and marketing of value-added frozen seafood. The company's 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. These products are available in most grocery and club stores.

Recent Stock Performance

During recent trading, High Liner Foods Inc. shares moved above their 200-day moving average. The stock's 200-day moving average is C$13.70, and it traded as high as C$15.75. The shares last traded at C$15.65, with a trading volume of 8,608 shares.

Financial Metrics

The company has a significant market capitalization. Its price-to-earnings ratio stands at a moderate value, and it has a beta indicating its volatility. High Liner Foods Inc. maintains a notable debt-to-equity ratio, a quick ratio, and a strong current ratio. The 50-day simple moving average for the stock is C$14.56, while the 200-day simple moving average is C$13.70.

Dividend Information

The firm recently disclosed a quarterly dividend, which was paid on December 15th. Stockholders of record on December 1st received a dividend. This represents an annualized dividend yield. This is an increase from High Liner Foods’s previous quarterly dividend. The ex-dividend date was November 29th. High Liner Foods’s payout ratio is currently moderate.

High Liner Foods Inc. 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. These products are available in most grocery and club stores.

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