Algoma Central Co. (TSE:ALC - Get Free Report)'s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$14.78 and traded as high as C$14.90. Algoma Central shares last traded at C$14.73, with a volume of 6,523 shares changing hands.
Algoma Central Trading Down 0.3 %
The business's 50-day moving average price is C$14.76 and its 200 day moving average price is C$14.70. The company has a debt-to-equity ratio of 56.47, a current ratio of 0.65 and a quick ratio of 2.06. The firm has a market capitalization of C$602.46 million, a price-to-earnings ratio of 8.95 and a beta of 0.72.
Algoma Central (TSE:ALC - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported C$0.98 earnings per share for the quarter, topping the consensus estimate of C$0.95 by C$0.03. Algoma Central had a net margin of 9.98% and a return on equity of 9.14%. During the same quarter last year, the business earned $0.85 EPS. On average, equities analysts forecast that Algoma Central Co. will post 1.898977 earnings per share for the current fiscal year.
Algoma Central Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, December 2nd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend was Monday, November 18th. Algoma Central's dividend payout ratio is currently 45.78%.
About Algoma Central
(
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Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.
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