Algoma Central (TSE:ALC) Shares Cross Below 200 Day Moving Average of $17.08

Algoma Central Co. (TSE:ALCGet Rating)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.08 and traded as low as C$15.34. Algoma Central shares last traded at C$15.34, with a volume of 16,667 shares changing hands.

The company has a quick ratio of 1.51, a current ratio of 1.81 and a debt-to-equity ratio of 62.95. The stock has a fifty day simple moving average of C$16.79 and a 200 day simple moving average of C$17.08. The firm has a market capitalization of C$579.87 million and a P/E ratio of 7.41.

Algoma Central (TSE:ALCGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported C($0.52) EPS for the quarter, beating analysts’ consensus estimates of C($0.53) by C$0.01. The business had revenue of C$85.10 million for the quarter, compared to the consensus estimate of C$81.70 million. Research analysts anticipate that Algoma Central Co. will post 1.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Wednesday, June 1st were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, May 17th. This represents a $0.68 dividend on an annualized basis and a yield of 4.43%. Algoma Central’s dividend payout ratio is presently 32.85%.

About Algoma Central (TSE:ALC)

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes – St. Lawrence Waterway in Canada. The company operates in six segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, Investment Properties, and Corporate. It operates self-unloading bulk carriers; and owns and manages tankers for the transportation of liquid petroleum products throughout the Great Lakes, the St.

Recommended Stories

Want More Great Investing Ideas?

Receive News & Ratings for Algoma Central Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algoma Central and related companies with MarketBeat.com's FREE daily email newsletter.