High Liner Foods (TSE:HLF) Hits New 1-Year Low – Here’s What Happened

High Liner Foods Inc (TSE:HLF) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$13.45 and last traded at C$13.49, with a volume of 48996 shares. The stock had previously closed at C$13.65.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HLF. Royal Bank Of Canada set a C$20.00 price objective on High Liner Foods and gave the company a “sector perform” rating in a report on Thursday, September 18th. Raymond James Financial lowered shares of High Liner Foods from a “moderate buy” rating to a “hold” rating and dropped their price target for the company from C$22.00 to C$16.00 in a research note on Friday, November 7th. Finally, BMO Capital Markets decreased their price objective on shares of High Liner Foods from C$20.50 to C$17.50 in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, High Liner Foods has a consensus rating of “Moderate Buy” and an average price target of C$18.63.

High Liner Foods Stock Performance

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 stock has a market cap of C$390.16 million, a price-to-earnings ratio of 11.77 and a beta of 0.73. The stock’s 50 day moving average is C$16.09 and its two-hundred day moving average is C$16.96.

High Liner Foods (TSE:HLF) last announced its earnings results on Wednesday, November 5th. The company reported C$0.16 earnings per share for the quarter. The business had revenue of C$346.63 million during the quarter. High Liner Foods had a net margin of 6.31% and a return on equity of 15.27%. Analysts anticipate that High Liner Foods Inc will post 1.9858934 earnings per share for the current fiscal year.

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.