Algoma Central (TSE:ALC) Reaches New 52-Week High – What’s Next?

Algoma Central Co. (TSE:ALC)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$19.76 and last traded at C$19.59, with a volume of 3480 shares. The stock had previously closed at C$19.45.

Algoma Central Stock Down 1.3%

The stock’s 50 day simple moving average is C$18.72 and its two-hundred day simple moving average is C$17.51. The firm has a market cap of C$778.91 million, a P/E ratio of 7.71 and a beta of 0.36. The company has a debt-to-equity ratio of 50.70, a current ratio of 0.76 and a quick ratio of 2.06.

Algoma Central (TSE:ALC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.97 EPS for the quarter. The firm had revenue of C$228.04 million for the quarter. Algoma Central had a return on equity of 9.26% and a net margin of 10.59%. As a group, research analysts forecast that Algoma Central Co. will post 1.898977 earnings per share for the current year.

Algoma Central Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, December 1st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, November 17th. Algoma Central’s payout ratio is 31.73%.

Algoma Central Company Profile

Algoma Central Corp owns and operates the fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company’s Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean SelfUnloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.