Algoma Steel Group Inc. (TSE:ASTL – Get Free Report) Director Eric Stuart Rosenfeld purchased 1,926 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was acquired at an average price of C$8.43 per share, with a total value of C$16,236.18.
Algoma Steel Group Trading Up 1.1 %
Shares of TSE:ASTL opened at C$11.55 on Friday. The stock has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 18.05 and a beta of 1.52. Algoma Steel Group Inc. has a 1-year low of C$8.64 and a 1-year high of C$13.54. The company has a debt-to-equity ratio of 10.83, a quick ratio of 1.51 and a current ratio of 2.88. The company has a 50 day moving average price of C$11.08 and a 200 day moving average price of C$10.82.
Algoma Steel Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 29th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, February 28th. Algoma Steel Group’s payout ratio is 42.19%.
Analysts Set New Price Targets
Read Our Latest Analysis on Algoma Steel Group
Algoma Steel Group Company Profile
Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.
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