Algoma Steel Group Inc. (TSE:ASTL - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as C$14.95 and last traded at C$14.95, with a volume of 6563 shares traded. The stock had previously closed at C$14.72.
Analyst Ratings Changes
A number of research analysts recently issued reports on ASTL shares. Stifel Nicolaus boosted their price objective on Algoma Steel Group from C$16.00 to C$19.00 in a research note on Thursday, August 15th. Cormark increased their target price on shares of Algoma Steel Group from C$14.50 to C$18.75 in a research note on Monday, July 22nd. Finally, BMO Capital Markets increased their target price on shares of Algoma Steel Group from C$13.00 to C$15.00 in a research note on Thursday, August 15th.
Read Our Latest Stock Report on Algoma Steel Group
Algoma Steel Group Stock Down 1.7 %
The company has a debt-to-equity ratio of 40.70, a quick ratio of 1.51 and a current ratio of 4.19. The company has a market capitalization of C$1.51 billion, a price-to-earnings ratio of -65.77 and a beta of 1.50. The business's 50 day moving average is C$13.79 and its 200 day moving average is C$11.95.
Algoma Steel Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, August 23rd. Algoma Steel Group's dividend payout ratio (DPR) is -122.73%.
Insider Buying and Selling
In other news, Director David Daniel Sgro sold 6,845 shares of the company's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of C$10.06, for a total transaction of C$68,842.90. In related news, Director David Daniel Sgro sold 6,845 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$10.06, for a total value of C$68,842.90. Also, Director Michael Allan Mcquade sold 36,260 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$13.80, for a total transaction of C$500,388.00. 7.57% of the stock is owned by insiders.
About Algoma Steel Group
(
Get Free Report)
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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