Shares of Algoma Central Co. (TSE:ALC - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$14.38 and traded as low as C$14.26. Algoma Central shares last traded at C$14.26, with a volume of 13,595 shares traded.
Algoma Central Stock Up 0.8 %
The business has a 50 day simple moving average of C$14.38 and a 200 day simple moving average of C$14.55. The company has a debt-to-equity ratio of 56.47, a current ratio of 0.65 and a quick ratio of 2.06. The stock has a market cap of C$583.40 million, a PE ratio of 8.66 and a beta of 0.72.
Algoma Central (TSE:ALC - Get Free Report) last announced its quarterly 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). Algoma Central had a return on equity of 9.14% and a net margin of 9.98%. The business had revenue of C$180.97 million for the quarter, compared to analyst estimates of C$215.80 million. On average, equities research analysts forecast that Algoma Central Co. will post 1.7707824 EPS for the current fiscal year.
Algoma Central Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend is Tuesday, August 20th. Algoma Central's dividend payout ratio is currently 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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