Algoma Central Co. (TSE:ALC - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$14.66 and traded as high as C$15.35. Algoma Central shares last traded at C$15.20, with a volume of 4,910 shares.
Algoma Central Stock Down 0.9 %
The company has a market cap of C$610.98 million, a price-to-earnings ratio of 9.07 and a beta of 0.72. The company has a current ratio of 0.65, a quick ratio of 2.06 and a debt-to-equity ratio of 56.47. The business has a fifty day moving average of C$14.66 and a two-hundred day moving average of C$14.50.
Algoma Central (TSE:ALC - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The company reported C$0.44 earnings per share for the quarter, missing analysts' consensus estimates of C$0.81 by C($0.37). The business had revenue of C$180.97 million during the quarter, compared to analyst estimates of C$215.80 million. Algoma Central had a return on equity of 9.14% and a net margin of 9.98%. As a group, equities analysts anticipate that Algoma Central Co. will post 1.898977 EPS for the current fiscal year.
Algoma Central Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, September 3rd were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.76 dividend on an annualized basis and a yield of 5.05%. Algoma Central's payout ratio is 45.78%.
About Algoma Central
(
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Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.
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