Algoma Steel Group Inc. (TSE:ASTL) Director Sells C$68,842.90 in Stock

Algoma Steel Group Inc. (TSE:ASTL) Director David Daniel Sgro sold 6,845 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$10.06, for a total transaction of C$68,842.90.

Algoma Steel Group Trading Down 2.1 %

ASTL traded down C$0.28 on Friday, hitting C$13.26. The company had a trading volume of 201,718 shares, compared to its average volume of 58,238. The firm has a market cap of C$1.38 billion, a P/E ratio of -60.14 and a beta of 1.51. Algoma Steel Group Inc. has a 1 year low of C$8.71 and a 1 year high of C$14.48. The company’s fifty day moving average price is C$12.93 and its 200 day moving average price is C$11.36. The company has a current ratio of 4.19, a quick ratio of 1.51 and a debt-to-equity ratio of 40.70.

Algoma Steel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.20 annualized dividend and a yield of 1.51%. Algoma Steel Group’s dividend payout ratio (DPR) is currently -122.73%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ASTL. Cormark boosted their price target on shares of Algoma Steel Group from C$14.50 to C$18.75 in a research report on Monday, July 22nd. Stifel Nicolaus boosted their price target on shares of Algoma Steel Group from C$16.00 to C$19.00 in a research report on Thursday, August 15th. Finally, BMO Capital Markets boosted their price target on shares of Algoma Steel Group from C$13.00 to C$15.00 in a research report on Thursday, August 15th.

Algoma Steel Group Company Profile

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.