Shares of Algoma Steel Group Inc. (TSE:ASTL – Get Free Report) traded down 3.4% during trading on Monday . The stock traded as low as C$5.69 and last traded at C$5.74. 329,869 shares were traded during trading, a decline of 48% from the average daily volume of 637,436 shares. The stock had previously closed at C$5.94.
Algoma Steel Group Stock Performance
The company has a market cap of C$604.93 million, a PE ratio of -0.56 and a beta of 1.62. The stock’s 50 day simple moving average is C$6.73 and its two-hundred day simple moving average is C$6.25. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 175.52.
Algoma Steel Group (TSE:ASTL – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($1.46) earnings per share (EPS) for the quarter. The company had revenue of C$296.90 million for the quarter. Algoma Steel Group had a negative net margin of 47.22% and a negative return on equity of 125.08%. As a group, research analysts anticipate that Algoma Steel Group Inc. will post 1.4795699 earnings per share for the current year.
About Algoma Steel Group
Algoma Steel Group Inc is a Canadian company that produces clean and consistent light gauge steel in North America, offering a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production. Geographically it serves Canada, the United States and the rest of the world, whilst driving key revenue from domestic sales. Substantial revenue is generated from the sale of Steel sheets and strips.
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