Algoma Central (TSE:ALC) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Algoma Central Co. (TSE:ALC) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$21.66 and traded as high as C$22.36. Algoma Central shares last traded at C$22.05, with a volume of 2,842 shares changing hands.

Algoma Central Stock Performance

The firm has a market capitalization of C$894.52 million, a PE ratio of 5.31 and a beta of 0.93. The company has a debt-to-equity ratio of 61.22, a current ratio of 0.48 and a quick ratio of 2.06. The company’s fifty day simple moving average is C$21.68 and its 200 day simple moving average is C$20.50.

Algoma Central (TSE:ALC) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. The business had revenue of C$127.78 million for the quarter. Algoma Central had a net margin of 21.56% and a return on equity of 17.62%. As a group, equities research 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 will be paid on Monday, June 1st. Stockholders of record on Monday, June 1st will be given a dividend of $0.21 per share. The ex-dividend date is Friday, May 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. Algoma Central’s dividend payout ratio is currently 19.52%.

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.