Algoma Steel Group Inc. (NASDAQ:ASTL - Get Free Report) was the target of some unusual options trading on Monday. Stock investors acquired 4,493 put options on the company. This is an increase of 200% compared to the average volume of 1,496 put options.
Institutional Trading of Algoma Steel Group
A number of institutional investors and hedge funds have recently modified their holdings of ASTL. Aquatic Capital Management LLC acquired a new position in Algoma Steel Group in the 4th quarter valued at $64,000. Wexford Capital LP acquired a new stake in shares of Algoma Steel Group in the third quarter valued at about $107,000. Squarepoint Ops LLC acquired a new stake in shares of Algoma Steel Group in the fourth quarter valued at about $114,000. Two Sigma Advisers LP bought a new position in shares of Algoma Steel Group in the fourth quarter worth about $117,000. Finally, Corient Private Wealth LLC acquired a new position in shares of Algoma Steel Group during the 4th quarter worth about $147,000. 72.00% of the stock is currently owned by institutional investors and hedge funds.
Algoma Steel Group Stock Performance
ASTL traded down $0.54 on Monday, hitting $6.80. The company had a trading volume of 1,272,528 shares, compared to its average volume of 567,880. The stock has a market cap of $713.21 million, a price-to-earnings ratio of -5.35 and a beta of 1.46. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66. The company's fifty day moving average price is $8.41 and its 200 day moving average price is $9.62. Algoma Steel Group has a 1-year low of $6.67 and a 1-year high of $12.14.
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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