Algoma Central (TSE:ALC) Hits New 12-Month High – Time to Buy?

Algoma Central Co. (TSE:ALC)’s stock price reached a new 52-week high during trading on Tuesday. The company traded as high as C$30.35 and last traded at C$30.16, with a volume of 4,846 shares traded. The stock had previously closed at C$29.10.

Algoma Central Stock Performance

The firm has a 50-day moving average price of C$23.74 and a 200 day moving average price of C$22.71. The firm has a market capitalization of C$1.17 billion, a PE ratio of 6.84 and a beta of 0.96. 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 issued its quarterly earnings data on Friday, August 7th. The company reported C$0.88 earnings per share for the quarter. The business had revenue of C$258.27 million during the quarter. Algoma Central had a return on equity of 17.13% and a net margin of 20.68%. Research analysts expect that Algoma Central Co. will post 1.90 earnings per share for the current year.

Algoma Central Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, August 18th. Algoma Central’s payout ratio is currently 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 ¿.