High Liner Foods (TSE:HLF) Shares Pass Above 200-Day Moving Average - Here's What Happened

High Liner Foods Inc (TSE:HLF - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.26 and traded as high as C$17.96. High Liner Foods shares last traded at C$17.75, with a volume of 13,117 shares traded.

Analysts Set New Price Targets

HLF has been the subject of several analyst reports. Royal Bank of Canada upgraded High Liner Foods to a "hold" rating in a research report on Friday, May 23rd. Canaccord Genuity Group set a C$21.00 price objective on High Liner Foods and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, BMO Capital Markets increased their price objective on High Liner Foods from C$19.00 to C$19.50 in a research report on Thursday, May 22nd.

High Liner Foods Stock Down 2.7%

The company has a market capitalization of C$361.54 million, a PE ratio of 6.12 and a beta of 0.89. 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 has a 50-day moving average of C$17.12 and a two-hundred day moving average of C$16.29.

Insider Buying and Selling

In other news, insider High Liner Foods Incorporated sold 184,500 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$17.02, for a total transaction of C$3,140,190.00. 44.28% of the stock is currently owned by company insiders.

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.