Algoma Central (TSE:ALC) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Algoma Central Co. (TSE:ALC)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$21.77 and traded as high as C$22.04. Algoma Central shares last traded at C$21.90, with a volume of 4,825 shares changing hands.

Algoma Central Trading Down 0.6%

The company has a debt-to-equity ratio of 61.22, a current ratio of 0.48 and a quick ratio of 2.06. The stock has a market capitalization of C$888.44 million, a price-to-earnings ratio of 5.28 and a beta of 0.96. The business has a 50 day simple moving average of C$21.77 and a 200-day simple moving average of C$20.64.

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

Algoma Central Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, June 1st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, May 15th. Algoma Central’s dividend payout ratio (DPR) 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 ¿.