Algoma Central Co. (TSE:ALC - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$15.01 and traded as high as C$15.48. Algoma Central shares last traded at C$15.36, with a volume of 8,279 shares.
Analyst Ratings Changes
Separately, BMO Capital Markets dropped their price target on Algoma Central from C$18.00 to C$15.00 in a research note on Monday, March 17th.
Get Our Latest Report on Algoma Central
Algoma Central Stock Performance
The company has a quick ratio of 2.06, a current ratio of 0.76 and a debt-to-equity ratio of 50.70. The firm has a market capitalization of C$624.77 million, a P/E ratio of 8.47 and a beta of 0.72. The company's 50 day moving average is C$15.03 and its 200-day moving average is C$14.89.
Algoma Central Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, March 3rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.24%. This is a positive change from Algoma Central's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, February 14th. Algoma Central's payout ratio is presently 42.19%.
Insiders Place Their Bets
In other Algoma Central news, Director Richard Brydone Carty sold 2,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$15.10, for a total transaction of C$30,200.00. Corporate insiders own 54.61% of the company's stock.
Algoma Central Company Profile
(
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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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