Algoma Central (TSE:ALC) Stock Passes Above 50 Day Moving Average of $14.41

Algoma Central Co. (TSE:ALC) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$14.41 and traded as high as C$14.52. Algoma Central shares last traded at C$14.32, with a volume of 4,331 shares.

Algoma Central Stock Performance

The company’s 50 day moving average price is C$14.43 and its 200-day moving average price is C$14.49. The stock has a market cap of C$585.02 million, a P/E ratio of 8.69 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.

Algoma Central (TSE:ALC) last issued its quarterly earnings data on Friday, August 2nd. The company reported C$0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.81 by C($0.37). The firm had revenue of C$180.97 million during the quarter, compared to the consensus estimate of C$215.80 million. Algoma Central had a return on equity of 9.14% and a net margin of 9.98%. Equities analysts forecast that Algoma Central Co. will post 1.9095745 EPS for the current fiscal year.

Algoma Central Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.27%. The ex-dividend date was Tuesday, August 20th. Algoma Central’s dividend payout ratio is presently 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.