Shares of Algoma Steel Group Inc. (NASDAQ:ASTL - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $8.32, but opened at $8.12. Algoma Steel Group shares last traded at $8.26, with a volume of 125,320 shares changing hands.
Algoma Steel Group Trading Up 0.7 %
The company has a market capitalization of $851.66 million, a P/E ratio of -6.39 and a beta of 1.46. The firm has a fifty day moving average price of $9.01 and a 200-day moving average price of $9.75. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of ASTL. FMR LLC bought a new position in Algoma Steel Group during the third quarter valued at $36,008,000. Scheer Rowlett & Associates Investment Management Ltd. increased its stake in shares of Algoma Steel Group by 1.0% in the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 2,179,362 shares of the company's stock worth $21,320,000 after purchasing an additional 22,049 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Algoma Steel Group by 276.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,317,083 shares of the company's stock worth $12,884,000 after buying an additional 966,976 shares during the period. Intact Investment Management Inc. lifted its position in shares of Algoma Steel Group by 6.6% during the third quarter. Intact Investment Management Inc. now owns 1,298,600 shares of the company's stock worth $13,309,000 after acquiring an additional 80,700 shares in the last quarter. Finally, Yaupon Capital Management LP bought a new position in shares of Algoma Steel Group in the third quarter worth $9,165,000. 72.00% of the stock is owned by institutional investors.
About Algoma Steel Group
(
Get Free Report)
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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