Algoma Central (TSE:ALC) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Algoma Central Co. (TSE:ALC)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$14.62 and traded as low as C$14.52. Algoma Central shares last traded at C$14.80, with a volume of 2,211 shares.

Algoma Central Stock Up 1.5 %

The firm has a market capitalization of C$600.44 million, a price-to-earnings ratio of 8.92 and a beta of 0.72. The company has a debt-to-equity ratio of 56.47, a current ratio of 0.65 and a quick ratio of 2.06. The stock has a fifty day moving average of C$14.92 and a two-hundred day moving average of C$14.62.

Algoma Central Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, December 2nd were paid a $0.19 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.76 annualized dividend and a dividend yield of 5.14%. 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.