Algoma Central (TSE:ALC) Reaches New 52-Week High – Should You Buy?

Algoma Central Co. (TSE:ALC)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$19.19 and last traded at C$19.19, with a volume of 7071 shares changing hands. The stock had previously closed at C$18.99.

Algoma Central Stock Performance

The company has a 50 day moving average of C$17.98 and a 200 day moving average of C$17.03. The firm has a market cap of C$791.08 million, a P/E ratio of 7.83 and a beta of 0.17. 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 issued its quarterly earnings data on Tuesday, November 4th. The company reported C$0.97 earnings per share for the quarter. The firm had revenue of C$228.04 million for the quarter. Algoma Central had a net margin of 10.59% and a return on equity of 9.26%. Analysts predict that Algoma Central Co. will post 1.898977 EPS for the current fiscal year.

Algoma Central Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, November 17th. Algoma Central’s payout ratio is presently 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.