Algoma Central (TSE:ALC) Shares Cross Above 50-Day Moving Average – Time to Sell?

Algoma Central Co. (TSE:ALC)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$14.78 and traded as high as C$14.90. Algoma Central shares last traded at C$14.73, with a volume of 6,523 shares traded.

Algoma Central Stock Performance

The stock has a market cap of C$597.60 million, a price-to-earnings ratio of 8.87 and a beta of 0.72. 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 stock’s 50-day simple moving average is C$14.78 and its two-hundred day simple moving average is C$14.69.

Algoma Central (TSE:ALC) last posted its quarterly earnings data on Monday, November 4th. The company reported C$0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.95 by C$0.03. Algoma Central had a net margin of 9.98% and a return on equity of 9.14%. During the same quarter in the prior year, the business posted $0.85 EPS. Analysts forecast that Algoma Central Co. will post 1.898977 earnings per share for the current year.

Algoma Central Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, December 2nd were issued a dividend of $0.19 per share. The ex-dividend date was Monday, November 18th. This represents a $0.76 annualized dividend and a dividend yield of 5.16%. Algoma Central’s payout ratio 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.