Algoma Steel Group Inc. (NASDAQ:ASTL - Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock traders bought 19,351 put options on the company. This is an increase of approximately 3,319% compared to the typical volume of 566 put options.
Algoma Steel Group Trading Down 1.8 %
Shares of Algoma Steel Group stock traded down $0.15 on Tuesday, hitting $8.07. 346,746 shares of the company's stock traded hands, compared to its average volume of 610,114. The firm's 50-day moving average price is $9.11 and its two-hundred day moving average price is $9.77. 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 stock has a market capitalization of $845.70 million, a PE ratio of -6.35 and a beta of 1.46. Algoma Steel Group has a one year low of $6.67 and a one year high of $12.14.
Institutional Investors Weigh In On Algoma Steel Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wexford Capital LP acquired a new stake in Algoma Steel Group in the third quarter worth $107,000. Corient Private Wealth LLC acquired a new position in shares of Algoma Steel Group in the 4th quarter valued at approximately $147,000. Net Worth Advisory Group bought a new position in Algoma Steel Group in the third quarter valued at approximately $159,000. Terril Brothers Inc. bought a new stake in Algoma Steel Group in the 4th quarter valued at $214,000. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Algoma Steel Group by 13.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,188 shares of the company's stock worth $217,000 after acquiring an additional 2,481 shares in the last quarter. Institutional investors own 72.00% of the company's stock.
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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