Algoma Steel Group Inc. (NASDAQ:ASTL - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $6.45 and last traded at $6.54, with a volume of 1769119 shares trading hands. The stock had previously closed at $6.80.
Algoma Steel Group Stock Up 4.6 %
The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66. The firm has a market capitalization of $717.41 million, a price-to-earnings ratio of -5.39 and a beta of 1.46. The firm's 50-day moving average price is $8.29 and its 200 day moving average price is $9.58.
Institutional Investors Weigh In On Algoma Steel Group
Institutional investors and hedge funds have recently modified their holdings of the stock. Aquatic Capital Management LLC purchased a new position in Algoma Steel Group in the 4th quarter valued at about $64,000. Wexford Capital LP bought a new position in shares of Algoma Steel Group during the third quarter worth about $107,000. Squarepoint Ops LLC acquired a new position in Algoma Steel Group in the fourth quarter worth about $114,000. Two Sigma Advisers LP bought a new stake in Algoma Steel Group in the fourth quarter valued at about $117,000. Finally, Corient Private Wealth LLC acquired a new stake in Algoma Steel Group during the fourth quarter valued at approximately $147,000. Hedge funds and other institutional investors own 72.00% of the company's stock.
About Algoma Steel Group
(
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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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