Algoma Central Co. (TSE:ALC - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.60 and traded as low as C$14.37. Algoma Central shares last traded at C$14.37, with a volume of 1,310 shares changing hands.
Algoma Central Price Performance
The firm has a 50-day simple moving average of C$14.96 and a two-hundred day simple moving average of C$14.60. The company has a market capitalization of C$582.99 million, a price-to-earnings ratio of 8.66 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 declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend was Monday, November 18th. Algoma Central's dividend payout ratio is currently 45.78%.
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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