Algoma Central (TSE:ALC) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

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$22.06 and traded as high as C$22.49. Algoma Central shares last traded at C$22.17, with a volume of 8,938 shares traded.

Algoma Central Trading Down 0.0%

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 stock has a market capitalization of C$899.39 million, a PE ratio of 5.34 and a beta of 0.96. The stock’s 50 day simple moving average is C$22.06 and its two-hundred day simple moving average is C$21.09.

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. On average, sell-side analysts expect that Algoma Central Co. will post 1.898977 EPS for the current year.

Algoma Central Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, June 1st were issued 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 was Friday, May 15th. Algoma Central’s dividend payout ratio is 19.52%.

About Algoma Central

Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice ¿.