Algoma Central (TSE:ALC) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Algoma Central Co. (TSE:ALC) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$14.56 and traded as high as C$15.00. Algoma Central shares last traded at C$14.85, with a volume of 16,958 shares changing hands.

Algoma Central Price Performance

The company has a debt-to-equity ratio of 56.47, a quick ratio of 2.06 and a current ratio of 0.65. The company has a market capitalization of C$602.46 million, a PE ratio of 8.95 and a beta of 0.72. The company’s 50-day simple moving average is C$14.56 and its 200-day simple moving average is C$14.49.

Algoma Central (TSE:ALC) last issued its quarterly earnings results on Friday, August 2nd. The company reported C$0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.81 by C($0.37). The company had revenue of C$180.97 million during the quarter, compared to analyst estimates of C$215.80 million. Algoma Central had a net margin of 9.98% and a return on equity of 9.14%. As a group, sell-side analysts anticipate that Algoma Central Co. will post 1.898977 earnings per share for the current year.

Algoma Central Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.12%. Algoma Central’s dividend payout ratio (DPR) is 45.78%.

Algoma Central Company Profile

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.