Algoma Central (TSE:ALC) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Algoma Central Co. (TSE:ALC – Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$21.77 and traded as high as C$22.04. Algoma Central shares last traded at C$21.90, with a volume of 4,825 shares trading hands.

Algoma Central Stock Performance

The company has a quick ratio of 2.06, a current ratio of 0.48 and a debt-to-equity ratio of 61.22. The company has a market capitalization of C$888.44 million, a PE ratio of 5.28 and a beta of 0.96. The stock’s fifty day simple moving average is C$21.77 and its 200-day simple moving average is C$20.64.

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Algoma Central (TSE:ALC – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$127.78 million during the quarter. Algoma Central had a net margin of 21.56% and a return on equity of 17.62%. On average, research analysts predict that Algoma Central Co. will post 1.898977 earnings per share for the current fiscal year.

Algoma Central Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, June 1st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.84 annualized dividend and a yield of 3.8%. Algoma Central’s payout ratio is currently 19.52%.

Algoma Central Company Profile

(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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