Algoma Central (TSE:ALC) Reaches New 12-Month High – Should You Buy?

Algoma Central Co. (TSE:ALC) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$24.24 and last traded at C$24.24, with a volume of 3915 shares trading hands. The stock had previously closed at C$23.90.

Algoma Central Stock Performance

The stock has a fifty day simple moving average of C$22.67 and a 200-day simple moving average of C$21.88. The stock has a market cap of C$993.51 million, a P/E ratio of 5.90 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.

Algoma Central (TSE:ALC) last released its quarterly earnings results on Friday, August 7th. The company reported C$0.88 earnings per share (EPS) for the quarter. The firm had revenue of C$258.27 million for the quarter. Algoma Central had a return on equity of 17.62% and a net margin of 21.56%. On average, equities analysts expect that Algoma Central Co. will post 1.898977 earnings per share for the current year.

Algoma Central Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st will be paid a $0.21 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $0.84 annualized dividend and a yield of 3.4%. Algoma Central’s payout ratio is presently 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 ¿.