High Liner Foods (TSE:HLF) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• High Liner Foods Inc's stock price crossed below its 200-day moving average of C$17.15, with the stock trading as low as C$16.63 during Monday's session.
• Analysts have given High Liner Foods a consensus target price of C$20.88, with ratings including two "Buy" and one "Hold."
• The company's stock has a market capitalization of C$484.49 million and a price-to-earnings ratio of 10.43.

High Liner Foods Inc (TSE:HLF - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.15 and traded as low as C$16.63. High Liner Foods shares last traded at C$16.69, with a volume of 17,838 shares.

Analyst Ratings Changes

HLF has been the subject of several analyst reports. Raymond James Financial set a C$22.00 price objective on High Liner Foods and gave the company an "outperform" rating in a report on Tuesday, June 17th. BMO Capital Markets upgraded High Liner Foods from a "hold" rating to an "outperform" rating and set a C$20.50 price target for the company in a research note on Thursday, September 18th. Finally, Royal Bank Of Canada set a C$20.00 price target on High Liner Foods and gave the stock a "sector perform" rating in a research note on Thursday, September 18th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$20.88.

High Liner Foods Stock Performance

The stock has a market capitalization of C$484.49 million, a price-to-earnings ratio of 10.43 and a beta of 0.69. The company has a current ratio of 2.66, a quick ratio of 0.38 and a debt-to-equity ratio of 55.83. The firm has a 50-day moving average of C$16.44 and a 200-day moving average of C$17.15.

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.

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