Algoma Central (TSE:ALC) Shares Cross Below Fifty Day Moving Average of $16.52

Algoma Central Co. (TSE:ALCGet Rating) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$16.52 and traded as low as C$16.50. Algoma Central shares last traded at C$16.53, with a volume of 6,699 shares traded.

Analyst Ratings Changes

Separately, Eight Capital dropped their price target on Algoma Central to C$15.75 and set a “hold” rating for the company in a research report on Thursday, September 29th.

Algoma Central Price Performance

The company has a quick ratio of 2.06, a current ratio of 2.40 and a debt-to-equity ratio of 56.50. The stock has a market capitalization of C$624.92 million and a PE ratio of 6.67. The company has a 50-day moving average of C$16.52 and a 200 day moving average of C$16.44.

Algoma Central Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, December 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Wednesday, November 16th. Algoma Central’s payout ratio is 27.42%.

Algoma Central Company Profile

(Get Rating)

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.

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