Algoma Central (TSE:ALC) Hits New 52-Week High – Time to Buy?

Algoma Central Co. (TSE:ALC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$19.19 and last traded at C$19.19, with a volume of 7071 shares. The stock had previously closed at C$18.99.

Algoma Central Trading Up 0.1%

The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70. The business has a 50 day moving average of C$17.88 and a 200-day moving average of C$16.98. The firm has a market capitalization of C$771.20 million, a P/E ratio of 7.63 and a beta of 0.17.

Algoma Central (TSE:ALC) last announced its earnings results on Tuesday, November 4th. The company reported C$0.97 earnings per share for the quarter. The firm had revenue of C$228.04 million during the quarter. Algoma Central had a net margin of 10.59% and a return on equity of 9.26%. Analysts anticipate that Algoma Central Co. will post 1.898977 EPS for the current fiscal year.

Algoma Central Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, November 17th. Algoma Central’s dividend payout ratio (DPR) is currently 31.73%.

Algoma Central Company Profile

Algoma Central Corp owns and operates the fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company’s Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean SelfUnloaders, Corporate, Investment Properties, and Global Short Sea Shipping.