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

Algoma Central Co. (TSE:ALC)’s share price passed 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 traded.

Algoma Central Stock Performance

The company has a current ratio of 0.48, a quick ratio of 2.06 and a debt-to-equity ratio of 61.22. The company’s 50 day moving average is C$21.66 and its 200-day moving average is C$20.49. The company has a market capitalization of C$894.52 million, a P/E ratio of 5.31 and a beta of 0.93.

Algoma Central (TSE:ALC) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share (EPS) for the quarter. Algoma Central had a net margin of 21.56% and a return on equity of 17.62%. The company had revenue of C$127.78 million during the quarter. Equities analysts anticipate that Algoma Central Co. will post 1.898977 EPS for the current fiscal year.

Algoma Central Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, June 1st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, May 15th. Algoma Central’s dividend payout ratio is 19.52%.

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.