Algoma Central (TSE:ALC) Sets New 12-Month High – What’s Next?

Algoma Central Co. (TSE:ALC) shares hit a new 52-week high on Wednesday. The company traded as high as C$25.99 and last traded at C$25.40, with a volume of 12738 shares. The stock had previously closed at C$23.97.

Algoma Central Trading Up 9.8%

The company has a 50 day moving average of C$23.31 and a 200 day moving average of C$22.51. The firm has a market cap of C$1.06 billion, a P/E ratio of 6.22 and a beta of 0.96. 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 posted its quarterly earnings data on Friday, August 7th. The company reported C$0.88 EPS for the quarter. The business had revenue of C$258.27 million for the quarter. Algoma Central had a return on equity of 17.13% and a net margin of 20.68%. Analysts predict that Algoma Central Co. will post 1.898977 EPS for the current fiscal year.

Algoma Central Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. Algoma Central’s dividend payout ratio (DPR) is presently 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 ¿.