Algoma Central Co. (TSE:ALC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$15.22 and traded as high as C$16.12. Algoma Central shares last traded at C$16.12, with a volume of 11,100 shares.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets decreased their price objective on Algoma Central from C$18.00 to C$15.00 in a report on Monday, March 17th.
Read Our Latest Report on ALC
Algoma Central Trading Up 0.1%
The stock has a market capitalization of C$659.98 million, a PE ratio of 8.95 and a beta of 0.72. The company has a quick ratio of 2.06, a current ratio of 0.76 and a debt-to-equity ratio of 50.70. The firm has a 50 day moving average price of C$15.89 and a 200 day moving average price of C$15.22.
Algoma Central Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, June 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.96%. The ex-dividend date was Friday, May 16th. Algoma Central's dividend payout ratio is presently 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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