Algoma Central (TSE:ALC) Reaches New 52-Week High – Still a Buy?

Algoma Central Co. (TSE:ALC) reached a new 52-week high on Monday. The stock traded as high as C$30.87 and last traded at C$30.10, with a volume of 10,620 shares trading hands. The stock had previously closed at C$28.87.

Algoma Central Trading Up 4.3%

The stock’s fifty day moving average price is C$24.26 and its 200 day moving average price is C$22.95. The stock has a market capitalization of C$1.22 billion, a P/E ratio of 7.13 and a beta of 0.96. The company has a debt-to-equity ratio of 73.18, a current ratio of 0.69 and a quick ratio of 2.06.

Algoma Central (TSE:ALC) last announced its quarterly earnings data on Friday, August 7th. The company reported C$0.88 earnings per share (EPS) for the quarter. The business had revenue of C$258.27 million for the quarter. Algoma Central had a return on equity of 17.13% and a net margin of 20.68%. Research analysts forecast that Algoma Central Co. will post 1.90 earnings per share for the current year.

Algoma Central Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, August 18th. Algoma Central’s dividend payout ratio is presently 19.43%.

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 ¿.