Shares of Algoma Steel Group Inc. (TSE:ASTL - Get Free Report) traded up 0.3% on Monday . The stock traded as high as C$12.03 and last traded at C$11.87. 61,557 shares traded hands during trading, a decline of 12% from the average session volume of 69,932 shares. The stock had previously closed at C$11.84.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus cut their price objective on shares of Algoma Steel Group from C$22.00 to C$21.00 and set a "buy" rating for the company in a research report on Monday, January 13th.
View Our Latest Research Report on Algoma Steel Group
Algoma Steel Group Stock Performance
The company has a debt-to-equity ratio of 40.70, a current ratio of 4.19 and a quick ratio of 1.51. The company has a market cap of C$1.24 billion, a price-to-earnings ratio of -54.18 and a beta of 1.50. The firm has a 50 day simple moving average of C$13.11 and a 200-day simple moving average of C$13.56.
Algoma Steel Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 27th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Wednesday, November 27th. Algoma Steel Group's payout ratio is -122.73%.
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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