Algoma Central Co. (TSE:ALC - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.59 and traded as low as C$14.35. Algoma Central shares last traded at C$14.48, with a volume of 6,851 shares.
Analysts Set New Price Targets
Separately, Cormark increased their price objective on Algoma Central from C$18.50 to C$19.50 in a research report on Thursday, May 2nd.
Check Out Our Latest Research Report on ALC
Algoma Central Price Performance
The stock has a 50-day moving average of C$14.34 and a two-hundred day moving average of C$14.59. 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 firm has a market cap of C$587.45 million, a price-to-earnings ratio of 8.72 and a beta of 0.72.
Algoma Central (TSE:ALC - Get Free Report) last announced its earnings results on Friday, August 2nd. The company reported C$0.44 EPS for the quarter, missing the consensus estimate of C$0.81 by C($0.37). The firm 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%. On average, analysts anticipate that Algoma Central Co. will post 1.7736077 EPS for the current year.
Algoma Central Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.25%. Algoma Central's dividend payout ratio is 45.78%.
Algoma Central Company Profile
(
Get Free Report)
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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