Algoma Central (TSE:ALC) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Algoma Central Co. (TSE:ALC) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$22.39 and traded as high as C$23.82. Algoma Central shares last traded at C$23.51, with a volume of 13,298 shares changing hands.

Algoma Central Stock Performance

The firm’s fifty day moving average price is C$22.39 and its 200 day moving average price is C$21.46. The firm has a market cap of C$953.75 million, a P/E ratio of 5.67 and a beta of 0.96. The company has a debt-to-equity ratio of 61.22, a quick ratio of 2.06 and a current ratio of 0.48.

Algoma Central (TSE:ALC) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.05 earnings per share (EPS) for the quarter. The firm 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%. Sell-side analysts expect that Algoma Central Co. will post 1.898977 EPS for the current fiscal year.

Algoma Central Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, June 1st were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date 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 ¿.