Algoma Steel Group (TSE:ASTL) Issues Quarterly Earnings Results

Algoma Steel Group (TSE:ASTL) announced its quarterly earnings data on Tuesday. The company reported C($1.46) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$296.90 million during the quarter. Algoma Steel Group had a negative net margin of 47.22% and a negative return on equity of 125.08%.

Algoma Steel Group Stock Performance

ASTL stock opened at C$6.86 on Wednesday. The company has a market capitalization of C$719.85 million, a P/E ratio of -0.76 and a beta of 1.52. The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 175.52. Algoma Steel Group has a fifty-two week low of C$4.20 and a fifty-two week high of C$9.92. The company has a 50-day simple moving average of C$6.07 and a 200 day simple moving average of C$5.94.

Algoma Steel Group Company Profile

Algoma Steel Group Inc is a Canadian company that produces clean and consistent light gauge steel in North America, offering a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production. Geographically it serves Canada, the United States and the rest of the world, whilst driving key revenue from domestic sales. Substantial revenue is generated from the sale of Steel sheets and strips.