Algoma Central (TSE:ALC) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Algoma Central Co. (TSE:ALC) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.60 and traded as low as C$14.37. Algoma Central shares last traded at C$14.37, with a volume of 1,310 shares changing hands.

Algoma Central Price Performance

The business has a 50-day moving average price of C$14.98 and a two-hundred day moving average price of C$14.60. The company has a quick ratio of 2.06, a current ratio of 0.65 and a debt-to-equity ratio of 56.47. The company has a market capitalization of C$582.99 million, a price-to-earnings ratio of 8.66 and a beta of 0.72.

Algoma Central Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, December 2nd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend was Monday, November 18th. Algoma Central’s dividend payout ratio (DPR) is 45.78%.

About Algoma Central

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.