Algoma Steel Group (TSE:ASTL - Get Free Report) had its price objective dropped by investment analysts at Stifel Nicolaus from C$21.00 to C$15.25 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective suggests a potential upside of 67.95% from the company's current price.
Algoma Steel Group Price Performance
Shares of TSE:ASTL traded up C$0.03 during mid-day trading on Friday, reaching C$9.08. The stock had a trading volume of 147,978 shares, compared to its average volume of 110,073. The company has a current ratio of 3.31, a quick ratio of 1.51 and a debt-to-equity ratio of 43.70. The company has a market cap of C$943.14 million, a P/E ratio of -6.23 and a beta of 1.50. Algoma Steel Group has a 1 year low of C$7.54 and a 1 year high of C$16.83. The business's 50 day moving average price is C$11.06 and its 200 day moving average price is C$13.12.
Algoma Steel Group Company Profile
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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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