Algoma Central Co. (TSE:ALC - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$14.93 and traded as high as C$15.30. Algoma Central shares last traded at C$15.20, with a volume of 4,323 shares changing hands.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets cut their price objective on Algoma Central from C$18.00 to C$15.00 in a report on Monday, March 17th.
View Our Latest Stock Report on ALC
Algoma Central Trading Up 0.1 %
The company has a fifty day moving average price of C$14.99 and a 200-day moving average price of C$14.86. The firm has a market capitalization of C$625.99 million, a price-to-earnings ratio of 8.49 and a beta of 0.72. The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70.
Algoma Central Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, March 3rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.23%. The ex-dividend date was Friday, February 14th. This is a positive change from Algoma Central's previous quarterly dividend of $0.19. Algoma Central's payout ratio is presently 42.19%.
Insider Buying and Selling
In other news, Director Richard Brydone Carty sold 2,000 shares of Algoma Central stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$15.10, for a total value of C$30,200.00. 54.61% of the stock is currently owned by corporate insiders.
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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