Algoma Central (TSE:ALC) Reaches New 52-Week High – What’s Next?

Algoma Central Co. (TSE:ALC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$19.76 and last traded at C$19.59, with a volume of 3480 shares traded. The stock had previously closed at C$19.45.

Algoma Central Trading Down 1.3%

The stock has a 50 day moving average of C$18.72 and a 200 day moving average of C$17.51. The company has a debt-to-equity ratio of 50.70, a current ratio of 0.76 and a quick ratio of 2.06. The firm has a market cap of C$778.91 million, a P/E ratio of 7.71 and a beta of 0.36.

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

Algoma Central Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were issued a $0.20 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.80 annualized dividend and a dividend yield of 4.2%. Algoma Central’s 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.