High Liner Foods (TSE:HLF) Hits New 52-Week Low – Here’s Why

Shares of High Liner Foods Inc (TSE:HLF) hit a new 52-week low on Monday . The stock traded as low as C$13.23 and last traded at C$13.26, with a volume of 34325 shares changing hands. The stock had previously closed at C$13.28.

Analysts Set New Price Targets

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

High Liner Foods Trading Up 0.2%

The company has a debt-to-equity ratio of 55.83, a quick ratio of 0.38 and a current ratio of 2.66. The firm has a market capitalization of C$380.65 million, a price-to-earnings ratio of 11.49 and a beta of 0.73. The company has a 50 day moving average price of C$15.77 and a two-hundred day moving average price of C$16.81.

High Liner Foods (TSE:HLF) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.16 earnings per share (EPS) for the quarter. The firm had revenue of C$346.63 million for the quarter. High Liner Foods had a net margin of 6.31% and a return on equity of 15.27%. On average, research analysts forecast that High Liner Foods Inc will post 1.9858934 EPS for the current year.

About High Liner Foods

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.