Algoma Central (TSE:ALC) Shares Cross Above 50 Day Moving Average – What’s Next?

Posted by Latisha Jones on Oct 8th, 2026

Algoma Central Co. (TSE:ALC – Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$23.31 and traded as high as C$23.99. Algoma Central shares last traded at C$23.90, with a volume of 4,445 shares changing hands.

Algoma Central Trading Up 7.6%

The firm has a market cap of C$1.15 billion, a price-to-earnings ratio of 6.71 and a beta of 0.96. The company’s 50-day moving average price is C$23.38 and its 200-day moving average price is C$22.55. 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 – Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported C$0.88 earnings per share for the quarter. Algoma Central had a net margin of 20.68% and a return on equity of 17.13%. The firm had revenue of C$258.27 million during the quarter. Equities analysts expect that Algoma Central Co. will post 1.898977 EPS for the current fiscal year.

Algoma Central Announces Dividend

The company also recently announced 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 3.0%. Algoma Central’s dividend payout ratio is presently 19.43%.

Algoma Central Company Profile

(Get Free Report)

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 ¿.