Algoma Steel Group (NASDAQ:ASTL - Get Free Report) is anticipated to release its Q1 2025 earnings data after the market closes on Tuesday, April 29th. Analysts expect Algoma Steel Group to post earnings of ($0.69) per share for the quarter.
Algoma Steel Group Stock Performance
Algoma Steel Group stock traded down $0.03 during midday trading on Tuesday, reaching $5.08. 439,303 shares of the company traded hands, compared to its average volume of 695,220. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66. Algoma Steel Group has a 12 month low of $4.17 and a 12 month high of $12.14. The firm has a market capitalization of $533.06 million, a price-to-earnings ratio of -3.98 and a beta of 1.57. The business has a 50 day moving average of $5.77 and a two-hundred day moving average of $8.27.
Algoma Steel Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Friday, March 21st were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.94%. Algoma Steel Group's dividend payout ratio (DPR) is currently -17.54%.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Stifel Canada downgraded Algoma Steel Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th. Royal Bank of Canada upgraded shares of Algoma Steel Group to a "hold" rating in a research note on Tuesday, April 22nd.
View Our Latest Stock Analysis on ASTL
Algoma Steel Group Company Profile
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Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.
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