Algoma Central (TSE:ALC) Stock Price Passes Below 200 Day Moving Average - Should You Sell?

Algoma Central Co. (TSE:ALC - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.65 and traded as low as C$14.38. Algoma Central shares last traded at C$14.67, with a volume of 7,318 shares changing hands.

Algoma Central Stock Up 0.6 %

The business has a 50 day moving average of C$14.80 and a 200-day moving average of C$14.65. The stock has a market cap of C$595.16 million, a PE ratio of 8.84 and a beta of 0.72. The company has a current ratio of 0.65, a quick ratio of 2.06 and a debt-to-equity ratio of 56.47.

Algoma Central Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, December 2nd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.76 dividend on an annualized basis and a yield of 5.18%. Algoma Central's payout ratio is 45.78%.

Algoma Central Company Profile

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.