Algoma Central (TSE:ALC) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Algoma Central Co. (TSE:ALC) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$21.91 and traded as high as C$22.56. Algoma Central shares last traded at C$22.45, with a volume of 6,073 shares trading hands.

Algoma Central Stock Up 2.0%

The company has a market cap of C$910.75 million, a P/E ratio of 5.41 and a beta of 0.96. The company has a current ratio of 0.48, a quick ratio of 2.06 and a debt-to-equity ratio of 61.22. The firm’s 50 day moving average price is C$21.91 and its 200-day moving average price is C$20.81.

Algoma Central (TSE:ALC) last issued its earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$127.78 million for the quarter. Algoma Central had a net margin of 21.56% and a return on equity of 17.62%. As a group, equities research analysts expect that Algoma Central Co. will post 1.898977 EPS for the current year.

Algoma Central Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, June 1st were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, May 15th. Algoma Central’s dividend payout ratio (DPR) is 19.52%.

Algoma Central Company Profile

Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice ¿.