Algoma Steel Group Inc. (TSE:ASTL - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as C$7.53 and last traded at C$7.53, with a volume of 113528 shares traded. The stock had previously closed at C$8.03.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus dropped their target price on Algoma Steel Group from C$21.00 to C$15.25 and set a "buy" rating for the company in a research report on Friday, March 14th.
Get Our Latest Stock Report on Algoma Steel Group
Algoma Steel Group Price Performance
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 has a fifty day simple moving average of C$9.95 and a 200 day simple moving average of C$12.56. The company has a market capitalization of C$639.84 million, a PE ratio of -4.23 and a beta of 1.50.
Algoma Steel Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, March 21st. This represents a $0.20 annualized dividend and a yield of 3.25%. Algoma Steel Group's dividend payout ratio (DPR) is presently -18.53%.
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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