Algoma Central (TSE:ALC) Reaches New 1-Year High – Time to Buy?

Algoma Central Co. (TSE:ALC) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$24.24 and last traded at C$24.24, with a volume of 3915 shares traded. The stock had previously closed at C$23.90.

Algoma Central Price Performance

The stock’s 50-day moving average price is C$22.77 and its 200 day moving average price is C$21.96. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of 5.95 and a beta of 0.96. The company has a quick ratio of 2.06, a current ratio of 0.69 and a debt-to-equity ratio of 73.18.

Algoma Central (TSE:ALC) last posted its quarterly earnings results on Friday, August 7th. The company reported C$0.88 EPS for the quarter. Algoma Central had a return on equity of 17.13% and a net margin of 20.68%.The firm had revenue of C$258.27 million during the quarter. Equities research analysts predict that Algoma Central Co. will post 1.898977 earnings per share for the current year.

Algoma Central Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. Algoma Central’s payout ratio is currently 19.43%.

About Algoma Central

Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice ¿.