High Liner Foods (TSE:HLF) Reaches New 52-Week High – Should You Buy?

Shares of High Liner Foods Inc (TSE:HLF) hit a new 52-week high during trading on Friday . The company traded as high as C$14.00 and last traded at C$13.58, with a volume of 33996 shares traded. The stock had previously closed at C$13.19.

High Liner Foods Stock Up 1.4 %

The company has a debt-to-equity ratio of 61.80, a current ratio of 2.88 and a quick ratio of 0.38. The business’s 50 day simple moving average is C$13.11 and its 200 day simple moving average is C$13.24. The company has a market capitalization of C$400.16 million, a PE ratio of 6.83 and a beta of 0.89.

High Liner Foods (TSE:HLF) last issued its earnings results on Wednesday, August 7th. The company reported C$0.47 EPS for the quarter, topping analysts’ consensus estimates of C$0.35 by C$0.12. High Liner Foods had a net margin of 4.82% and a return on equity of 12.18%. The company had revenue of C$298.72 million for the quarter, compared to the consensus estimate of C$286.86 million. As a group, analysts anticipate that High Liner Foods Inc will post 1.9858934 earnings per share for the current fiscal 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.