Algoma Central (TSE:ALC) Stock Passes Above 50 Day Moving Average – Time to Sell?

Posted by Andrew Walz on Mar 26th, 2025

Algoma Central Co. (TSE:ALC – Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$14.93 and traded as high as C$15.30. Algoma Central shares last traded at C$15.20, with a volume of 4,323 shares.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered their price objective on Algoma Central from C$18.00 to C$15.00 in a research note on Monday, March 17th.

Read Our Latest Stock Analysis on Algoma Central

Algoma Central Stock Performance

The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70. The stock has a market capitalization of C$624.36 million, a P/E ratio of 8.47 and a beta of 0.72. The company’s 50-day moving average is C$14.96 and its two-hundred day moving average is C$14.85.

Algoma Central Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, March 3rd were paid a $0.20 dividend. This is a boost from Algoma Central’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 5.25%. Algoma Central’s dividend payout ratio is presently 42.19%.

Insider Activity

In related news, Director Richard Brydone Carty sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$15.10, for a total transaction of C$30,200.00. Corporate insiders own 54.61% of the company’s stock.

About Algoma Central

(Get Free Report)

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.