Algoma Steel Group Inc. (NASDAQ:ASTL - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $9.70, but opened at $9.30. Algoma Steel Group shares last traded at $9.08, with a volume of 239,402 shares traded.
Algoma Steel Group Trading Down 7.8 %
The company has a current ratio of 3.31, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The stock has a market cap of $936.21 million, a P/E ratio of -7.04 and a beta of 1.47. The business's fifty day simple moving average is $10.43 and its 200 day simple moving average is $9.59.
Algoma Steel Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, November 27th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Wednesday, November 27th. Algoma Steel Group's dividend payout ratio is currently -15.75%.
Institutional Investors Weigh In On Algoma Steel Group
A number of institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc increased its position in Algoma Steel Group by 5.8% in the second quarter. CIBC Asset Management Inc now owns 103,334 shares of the company's stock worth $716,000 after purchasing an additional 5,674 shares during the period. American Century Companies Inc. boosted its stake in shares of Algoma Steel Group by 89.9% in the 2nd quarter. American Century Companies Inc. now owns 308,543 shares of the company's stock valued at $2,140,000 after purchasing an additional 146,104 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Algoma Steel Group during the 2nd quarter worth approximately $939,000. Renaissance Technologies LLC raised its stake in shares of Algoma Steel Group by 106.8% during the second quarter. Renaissance Technologies LLC now owns 126,133 shares of the company's stock worth $878,000 after buying an additional 65,133 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Algoma Steel Group during the second quarter worth approximately $73,000. Institutional investors own 72.00% of the company's stock.
Algoma Steel Group Company Profile
(
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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