Algoma Central (TSE:ALC) Stock Passes Above Fifty Day Moving Average of $16.49

Algoma Central Co. (TSE:ALCGet Rating)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$16.49 and traded as high as C$16.71. Algoma Central shares last traded at C$16.30, with a volume of 10,098 shares traded.

Algoma Central Stock Performance

The company has a quick ratio of 1.83, a current ratio of 2.17 and a debt-to-equity ratio of 59.28. The company has a 50 day moving average of C$16.49 and a 200 day moving average of C$16.67. The firm has a market cap of C$616.22 million and a price-to-earnings ratio of 6.68.

Algoma Central (TSE:ALCGet Rating) last released its quarterly earnings results on Friday, August 5th. The company reported C$1.12 EPS for the quarter, topping the consensus estimate of C$0.77 by C$0.35. The business had revenue of C$183.46 million during the quarter, compared to analyst estimates of C$162.50 million. As a group, equities research analysts expect that Algoma Central Co. will post 2.12 EPS for the current fiscal year.

Algoma Central Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, September 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Wednesday, August 17th. Algoma Central’s dividend payout ratio (DPR) is 27.87%.

About Algoma Central

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Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes – St. Lawrence Waterway in Canada. The company operates in six segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, Investment Properties, and Corporate. It operates self-unloading bulk carriers; and owns and manages tankers for the transportation of liquid petroleum products throughout the Great Lakes, the St.

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