Algoma Central (TSE:ALC) Stock Passes Below 50-Day Moving Average – Should You Sell?

Algoma Central Co. (TSE:ALC) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$21.00 and traded as low as C$20.69. Algoma Central shares last traded at C$20.69, with a volume of 12,130 shares.

Algoma Central Trading Down 3.9%

The stock has a market cap of C$839.35 million, a P/E ratio of 5.86 and a beta of 0.82. The company has a debt-to-equity ratio of 53.20, a quick ratio of 2.06 and a current ratio of 0.71. The stock has a 50-day moving average price of C$21.00 and a 200-day moving average price of C$19.09.

Algoma Central (TSE:ALC) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$2.32 EPS for the quarter. Algoma Central had a return on equity of 15.49% and a net margin of 18.79%. On average, equities research analysts expect that Algoma Central Co. will post 1.898977 EPS for the current year.

Algoma Central Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, March 2nd were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a yield of 4.1%. This is a boost from Algoma Central’s previous quarterly dividend of $0.20. Algoma Central’s dividend payout ratio is presently 22.66%.

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.