Algoma Central Co. (TSE:ALC - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$15.40 and traded as high as C$16.20. Algoma Central shares last traded at C$16.10, with a volume of 8,355 shares trading hands.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets decreased their price objective on Algoma Central from C$18.00 to C$15.00 in a research note on Monday, March 17th.
Get Our Latest Report on Algoma Central
Algoma Central Stock Up 0.8%
The company has a 50-day moving average of C$15.41 and a 200-day moving average of C$15.07. The company has a market capitalization of C$659.98 million, a price-to-earnings ratio of 8.95 and a beta of 0.72. The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70.
Algoma Central Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, June 2nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 4.96%. Algoma Central's payout ratio is 42.19%.
About Algoma Central
(
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Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.
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