Algoma Central (TSE:ALC) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Algoma Central Co. (TSE:ALC)’s stock price passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of C$23.20 and traded as low as C$22.38. Algoma Central shares last traded at C$22.72, with a volume of 3,207 shares changing hands.

Algoma Central Trading Down 0.5%

The firm has a market cap of C$961.46 million, a price-to-earnings ratio of 5.62 and a beta of 0.97. The business has a 50 day moving average of C$23.22 and a 200 day moving average of C$22.41. The company has a quick ratio of 2.06, a current ratio of 0.69 and a debt-to-equity ratio of 73.18.

Algoma Central (TSE:ALC) last announced its earnings results on Friday, August 7th. The company reported C$0.88 earnings per share for the quarter. The firm had revenue of C$258.27 million during the quarter. Algoma Central had a net margin of 20.68% and a return on equity of 17.13%. On average, research analysts forecast that Algoma Central Co. will post 1.898977 earnings per share for the current fiscal year.

Algoma Central Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Algoma Central’s dividend payout ratio is presently 19.43%.

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 ¿.