Algoma Central (TSE:ALC) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Algoma Central Co. (TSE:ALC – Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$22.06 and traded as high as C$22.49. Algoma Central shares last traded at C$22.17, with a volume of 8,938 shares trading hands.

Algoma Central Stock Performance

The firm has a fifty day moving average of C$22.09 and a 200-day moving average of C$21.10. The stock has a market capitalization of C$923.33 million, a price-to-earnings ratio of 5.48 and a beta of 0.96. The company has a quick ratio of 2.06, a current ratio of 0.48 and a debt-to-equity ratio of 61.22.

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Algoma Central (TSE:ALC – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. The company had revenue of C$127.78 million for the quarter. Algoma Central had a return on equity of 17.62% and a net margin of 21.56%. As a group, sell-side analysts anticipate that Algoma Central Co. will post 1.898977 EPS for the current year.

Algoma Central Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, June 1st were given a $0.21 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. Algoma Central’s payout ratio is currently 19.52%.

About Algoma Central

(Get Free Report)

Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice ¿.

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