High Liner Foods (TSE:HLF) Shares Cross Above 200-Day Moving Average - What's Next?

High Liner Foods Inc (TSE:HLF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.62 and traded as high as C$18.39. High Liner Foods shares last traded at C$17.81, with a volume of 19,744 shares trading hands.

Analyst Ratings Changes

HLF has been the subject of several analyst reports. Royal Bank Of Canada increased their target price on shares of High Liner Foods from C$20.00 to C$21.00 and gave the stock a "sector perform" rating in a report on Monday, June 9th. BMO Capital Markets upped their price target on shares of High Liner Foods from C$19.00 to C$19.50 in a research report on Thursday, May 22nd. Canaccord Genuity Group set a C$21.00 price objective on shares of High Liner Foods and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial set a C$22.00 target price on shares of High Liner Foods and gave the company an "outperform" rating in a research note on Tuesday, June 17th.

High Liner Foods Price Performance

The firm has a 50 day moving average of C$17.72 and a 200-day moving average of C$16.66. The company has a market cap of C$379.57 million, a P/E ratio of 6.43 and a beta of 0.89. 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.