Shares of Algoma Central Co. (TSE:ALC - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$15.22 and traded as high as C$16.11. Algoma Central shares last traded at C$16.11, with a volume of 4,660 shares trading hands.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets decreased their price target on shares of Algoma Central from C$18.00 to C$15.00 in a report on Monday, March 17th.
View Our Latest Stock Analysis on ALC
Algoma Central Trading Up 0.4%
The company has a debt-to-equity ratio of 50.70, a current ratio of 0.76 and a quick ratio of 2.06. The company's 50 day moving average is C$15.29 and its two-hundred day moving average is C$15.01. The firm has a market cap of C$649.33 million, a P/E ratio of 8.80 and a beta of 0.72.
Algoma Central Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Friday, May 16th. Algoma Central's payout ratio is 42.19%.
Insider Transactions at Algoma Central
In other Algoma Central news, Director Richard Brydone Carty sold 2,000 shares of Algoma Central stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$15.10, for a total transaction of C$30,200.00. Company insiders own 54.61% of the company's stock.
Algoma Central Company Profile
(
Get Free Report)
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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