High Liner Foods (TSE:HLF) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of High Liner Foods Inc (TSE:HLF - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.92 and traded as high as C$18.30. High Liner Foods shares last traded at C$17.92, with a volume of 11,272 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HLF. BMO Capital Markets boosted their price target on shares of High Liner Foods from C$19.50 to C$21.00 in a report on Wednesday, July 2nd. Royal Bank Of Canada lifted their price objective on shares of High Liner Foods from C$20.00 to C$21.00 and gave the company a "sector perform" rating in a research report on Monday, June 9th. Canaccord Genuity Group set a C$21.00 target price on shares of High Liner Foods and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial set a C$22.00 price target on shares of High Liner Foods and gave the company an "outperform" rating in a research note on Tuesday, June 17th.

High Liner Foods Stock Down 0.4%

The company has a market cap of C$362.17 million, a price-to-earnings ratio of 6.13 and a beta of 0.89. The stock has a 50-day simple moving average of C$18.14 and a 200-day simple moving average of C$16.96. The company has a current ratio of 2.66, a quick ratio of 0.38 and a debt-to-equity ratio of 55.83.

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.