Algoma Central (TSE:ALC) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Algoma Central Co. (TSE:ALC) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$18.39 and traded as high as C$18.93. Algoma Central shares last traded at C$18.74, with a volume of 2,989 shares traded.

Algoma Central Stock Performance

The stock has a market cap of C$760.24 million, a price-to-earnings ratio of 7.53 and a beta of 0.17. The company’s 50-day simple moving average is C$18.39 and its 200-day simple moving average is C$17.26. The company has a quick ratio of 2.06, a current ratio of 0.76 and a debt-to-equity ratio of 50.70.

Algoma Central (TSE:ALC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$0.97 EPS for the quarter. The company had revenue of C$228.04 million during the quarter. Algoma Central had a return on equity of 9.26% and a net margin of 10.59%. Analysts predict that Algoma Central Co. will post 1.898977 EPS for the current fiscal year.

Algoma Central Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.80 dividend on an annualized basis and a yield of 4.3%. Algoma Central’s dividend payout ratio (DPR) 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.