Algoma Central (TSE:ALC) Shares Pass Above 50 Day Moving Average – What’s Next?

Algoma Central Co. (TSE:ALC)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$18.72 and traded as high as C$19.56. Algoma Central shares last traded at C$19.45, with a volume of 16,167 shares traded.

Algoma Central Price Performance

The stock has a market cap of C$789.05 million, a P/E ratio of 7.81 and a beta of 0.36. The business has a 50 day simple moving average of C$18.72 and a 200-day simple moving average of C$17.50. The company has a debt-to-equity ratio of 50.70, a quick ratio of 2.06 and a current ratio of 0.76.

Algoma Central (TSE:ALC) last released its earnings results on Tuesday, November 4th. The company reported C$0.97 EPS for the quarter. The company had revenue of C$228.04 million for the quarter. Algoma Central had a return on equity of 9.26% and a net margin of 10.59%. On average, sell-side analysts forecast that Algoma Central Co. will post 1.898977 EPS for the current year.

Algoma Central Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, November 17th. Algoma Central’s dividend payout ratio is currently 31.73%.

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.