High Liner Foods (TSE:HLF) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Shares of High Liner Foods Inc (TSE:HLF - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.83 and traded as high as C$18.15. High Liner Foods shares last traded at C$18.00, with a volume of 17,347 shares changing hands.

Wall Street Analysts Forecast Growth

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

High Liner Foods Stock Up 0.5%

The firm has a 50 day moving average price of C$18.10 and a two-hundred day moving average price of C$16.88. 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 company has a market capitalization of C$386.06 million, a price-to-earnings ratio of 6.54 and a beta of 0.89.

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.