Algoma Central (TSE:ALC) Reaches New 12-Month High – Still a Buy?

Shares of Algoma Central Co. (TSE:ALC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$20.98 and last traded at C$20.86, with a volume of 9954 shares traded. The stock had previously closed at C$20.75.

Algoma Central Stock Performance

The stock has a market cap of C$855.98 million, a P/E ratio of 8.47 and a beta of 0.46. The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70. The company’s 50-day simple moving average is C$19.39 and its 200 day simple moving average is C$18.08.

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

Algoma Central Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were given a dividend of $0.20 per share. The ex-dividend date was Monday, November 17th. This represents a $0.80 annualized dividend and a yield of 3.8%. Algoma Central’s dividend payout ratio is presently 31.73%.

About Algoma Central

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.