Algoma Steel Group Inc. (TSE:ASTL - Get Free Report)'s stock price traded down 4.4% on Monday . The company traded as low as C$13.70 and last traded at C$13.74. 49,870 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 60,373 shares. The stock had previously closed at C$14.37.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus raised their price target on shares of Algoma Steel Group from C$20.00 to C$22.00 in a report on Friday, November 22nd.
Read Our Latest Stock Report on Algoma Steel Group
Algoma Steel Group Stock Down 0.4 %
The business's fifty day simple moving average is C$14.65 and its 200 day simple moving average is C$12.88. The stock has a market cap of C$1.42 billion, a price-to-earnings ratio of -62.18 and a beta of 1.50. The company has a current ratio of 4.19, a quick ratio of 1.51 and a debt-to-equity ratio of 40.70.
Algoma Steel Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 27th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.46%. Algoma Steel Group's dividend payout ratio is -122.73%.
Insiders Place Their Bets
In other Algoma Steel Group news, Director David Daniel Sgro sold 6,845 shares of Algoma Steel Group stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of C$10.06, for a total value of C$68,842.90. Company insiders own 7.57% 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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