High Liner Foods Shares Soar Above 200-Day Moving Average of $13.75 in 2023.
March 22, 2023
Trending News ☀️
High Liner Foods ($TSX:HLF) Inc., a leading producer, marketer and distributor of frozen seafood in North America and Europe, has seen its share price soar above its 200-day moving average of $13.75 in 2023. This is great news for investors and employees, as the 200-day moving average is an important indicator of long-term trend strength. High Liner Foods Inc. has achieved impressive growth over the past year, with share prices increasing by over thirty-five percent since the beginning of the year. This is reflective of the company’s strong performance, with strong sales in both North America and Europe, driven by innovative product launches and a focus on quality.
High Liner Foods Inc. has also been active in its commitment to sustainability, and is increasingly focused on developing environmentally friendly products and processes. This is part of their long-term business strategy, and is expected to further enhance the company’s performance and share prices over the coming years. Overall, High Liner Foods Inc. has demonstrated impressive performance since exceeding its 200-day moving average of $13.75 in 2023, and investors can rest assured that this trend is likely to continue in the future.
Stock Price
On Friday, HIGH LINER FOODS stock opened at CA$14.3 and closed at CA$14.0, a slight decrease of 3.2% from the prior closing price of CA$14.5. Despite this minor setback, HIGH LINER FOODS still remain above their 200-day moving average, indicating that their stock is still performing well. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HLF. More…
| Total Revenues | Net Income | Net Margin |
| 1.07k | 54.73 | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HLF. More…
| Operations | Investing | Financing |
| -76.16 | -20.67 | 100.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HLF. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1k | 630.07 | 11.25 |
Key Ratios Snapshot
Some of the financial key ratios for HLF are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.3% | 15.5% | 7.7% |
| FCF Margin | ROE | ROA |
| -9.1% | 14.0% | 5.2% |
Analysis
At GoodWhale, we believe in giving people the tools to make informed decisions when investing. That’s why we’ve analyzed HIGH LINER FOODS to help you understand their financials. We’ve determined that HIGH LINER FOODS is a medium risk investment when it comes to financial and business aspects. We’ve detected 2 risk warnings in the income sheet and balance sheet that you should be aware of. To learn more and see the warnings for yourself, you can register on goodwhale.com. Our goal is to give users the knowledge and confidence to make informed decisions when it comes to investing. We’re proud to provide you with comprehensive analysis of HIGH LINER FOODS so that you can make an informed decision about their financials. More…
Peers
The company operates in the United States and Canada. High Liner Foods is the largest seafood processor in North America, with products sold under the High Liner, Fisher Boy, Sea Cuisine, and C. Wirthy & Co. brands in the United States, and High Liner, Fisher Boy, Sea Cuisine, Greenseas, Maitre Pierre, Ocean Cuisine, Springs River, and Voltigeur brands in Canada. The company was founded in 1899. High Liner Foods’ competitors include The Simply Good Foods Co, Mowi ASA, Millennium Global Holdings Inc.
– The Simply Good Foods Co ($NASDAQ:SMPL)
The Simply Good Foods Co is a food company that focuses on providing healthy food options. The company has a market cap of 3.71B as of 2022 and a Return on Equity of 7.5%. The company’s focus on healthy food options has made it a popular choice among consumers looking for healthier alternatives. The company’s products are available in a variety of retail outlets, including grocery stores, health food stores, and online retailers.
– Mowi ASA ($OTCPK:MHGVY)
Mowi ASA is a Norwegian seafood company that is involved in the farming, processing, and selling of salmon and other fish products. The company has a market capitalization of 7.84 billion as of 2022 and a return on equity of 17.38%. Mowi ASA is the world’s largest salmon farming company and is headquartered in Bergen, Norway. The company has operations in Ireland, Scotland, the Faroe Islands, Chile, and Canada.
– Millennium Global Holdings Inc ($PSE:MG)
Millennium Global Holdings Inc is a holding company that owns and operates businesses in the financial services industry. The company has a market cap of 251.19M and a ROE of 2.81%. The company provides financial services including asset management, capital markets, and advisory services. The company operates in the United States, Europe, Asia, and the Middle East.
Summary
High Liner Foods Inc. is an attractive investment opportunity for those looking to benefit from a dynamic and innovative seafood company. In 2023, the stock price soared above its 200-day moving average of $13.75. During this time, news coverage of the company was mostly positive, although the stock price decreased on the same day. This short-term fluctuation does not change the long-term outlook of the company.
Analysts suggest that investing in High Liner Foods Inc. is a sound decision due to their strong financials, experienced management team and positive consumer sentiment. With a strong foothold in the seafood industry, the company is expected to continue to grow and generate returns for shareholders in the future.
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