Algoma Steel Group (TSE:ASTL) Hits New 52-Week Low - Here's What Happened

Shares of Algoma Steel Group Inc. (TSE:ASTL - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as C$9.16 and last traded at C$9.17, with a volume of 210782 shares changing hands. The stock had previously closed at C$9.64.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut their price target on shares of Algoma Steel Group from C$22.00 to C$21.00 and set a "buy" rating for the company in a report on Monday, January 13th.

Algoma Steel Group Stock Down 0.4 %

The stock has a market cap of C$821.61 million, a price-to-earnings ratio of -5.43 and a beta of 1.50. The company has a debt-to-equity ratio of 43.70, a quick ratio of 1.51 and a current ratio of 3.31. The firm's 50-day simple moving average is C$11.59 and its two-hundred day simple moving average is C$13.30.

Algoma Steel Group Company Profile

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.