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

Algoma Central Co. (TSE:ALC)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$22.00 and traded as high as C$22.39. Algoma Central shares last traded at C$22.00, with a volume of 2,774 shares.

Algoma Central Price Performance

The stock has a market cap of C$894.52 million, a PE ratio of 5.31 and a beta of 0.96. The company has a debt-to-equity ratio of 61.22, a quick ratio of 2.06 and a current ratio of 0.48. The business has a 50 day moving average price of C$22.01 and a two-hundred day moving average price of C$21.00.

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

Algoma Central Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, June 1st were given 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 dividend yield of 3.8%. Algoma Central’s dividend payout ratio (DPR) is currently 19.52%.

About Algoma Central

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 ¿.