Algoma Central (TSE:ALC) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Algoma Central Co. (TSE:ALC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$22.42 and traded as low as C$22.15. Algoma Central shares last traded at C$22.15, with a volume of 10,800 shares.

Algoma Central Stock Up 1.1%

The firm’s fifty day moving average is C$23.39 and its 200-day moving average is C$22.42. The company has a market capitalization of C$908.72 million, a P/E ratio of 5.31 and a beta of 0.97. The company has a debt-to-equity ratio of 73.18, a quick ratio of 2.06 and a current ratio of 0.69.

Algoma Central (TSE:ALC) last issued its earnings results on Friday, August 7th. The company reported C$0.88 earnings per share for the quarter. The firm had revenue of C$258.27 million for the quarter. Algoma Central had a net margin of 20.68% and a return on equity of 17.13%. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. 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 ¿.