Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of High Liner Foods from C$12.00 to C$8.00 in a research report on Wednesday, August 15th. Beacon Securities cut shares of High Liner Foods from a buy rating to a hold rating in a research report on Thursday, August 16th. Finally, Cormark lowered their price objective on shares of High Liner Foods from C$10.00 to C$7.00 in a research report on Wednesday, August 15th.
High Liner Foods stock traded down C$0.72 during trading hours on Friday, hitting C$6.30. The company had a trading volume of 650,500 shares, compared to its average volume of 95,359. The company has a debt-to-equity ratio of 137.02, a current ratio of 2.19 and a quick ratio of 0.61. High Liner Foods has a 1 year low of C$6.19 and a 1 year high of C$15.67.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Saturday, December 15th will be issued a $0.145 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.58 annualized dividend and a dividend yield of 9.21%. High Liner Foods’s dividend payout ratio is currently 45.27%.
In other High Liner Foods news, Director Laurie Dean Hennigar purchased 10,000 shares of High Liner Foods stock in a transaction dated Tuesday, August 21st. The stock was acquired at an average price of C$7.31 per share, for a total transaction of C$73,100.00.
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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