Algoma Steel Group (TSE:ASTL) Shares Down 0.8% – What’s Next?

Algoma Steel Group Inc. (TSE:ASTL) fell 0.8% on Monday . The company traded as low as C$5.67 and last traded at C$5.92. 682,393 shares were traded during trading, a decline of 13% from the average session volume of 780,519 shares. The stock had previously closed at C$5.97.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group set a C$6.00 price objective on Algoma Steel Group and gave the stock a “hold” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$7.88.

Algoma Steel Group Trading Up 0.9%

The company has a debt-to-equity ratio of 85.10, a quick ratio of 1.51 and a current ratio of 2.29. The business’s 50 day moving average price is C$6.15 and its 200-day moving average price is C$5.91. The firm has a market cap of C$619.11 million, a price-to-earnings ratio of -4.07 and a beta of 1.46.

Algoma Steel Group (TSE:ASTL) last announced its quarterly earnings data on Wednesday, March 11th. The company reported C($3.36) earnings per share (EPS) for the quarter. Algoma Steel Group had a negative return on equity of 53.24% and a negative net margin of 30.92%.The firm had revenue of C$455.00 million for the quarter. Equities analysts expect that Algoma Steel Group Inc. will post 1.4795699 EPS 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.