Algoma Central (TSE:ALC) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Algoma Central Co. (TSE:ALC) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$22.39 and traded as high as C$23.82. Algoma Central shares last traded at C$23.51, with a volume of 13,298 shares trading hands.

Algoma Central Price Performance

The business’s 50 day moving average price is C$22.41 and its 200 day moving average price is C$21.48. The stock has a market capitalization of C$920.08 million, a P/E ratio of 5.47 and a beta of 0.96. The company has a debt-to-equity ratio of 61.22, a current ratio of 0.48 and a quick ratio of 2.06.

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

Algoma Central Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, June 1st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, May 15th. Algoma Central’s dividend payout ratio is presently 19.52%.

Algoma Central Company Profile

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 ¿.