High Liner Foods (TSE:HLF) Shares Pass Above 200-Day Moving Average - Should You Sell?

High Liner Foods Inc (TSE:HLF - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.72 and traded as high as C$18.88. High Liner Foods shares last traded at C$18.71, with a volume of 19,049 shares trading hands.

Analyst Upgrades and Downgrades

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

High Liner Foods Stock Down 0.3%

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 stock has a market capitalization of C$386.48 million, a price-to-earnings ratio of 6.55 and a beta of 0.89. The stock has a 50 day moving average price of C$17.90 and a 200 day moving average price of C$16.77.

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.