Algoma Central Co. (TSE:ALC - Get Free Report)'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$15.51 and traded as high as C$16.16. Algoma Central shares last traded at C$16.16, with a volume of 4,260 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets cut their price target on shares of Algoma Central from C$18.00 to C$15.00 in a report on Monday, March 17th.
Read Our Latest Stock Analysis on ALC
Algoma Central Price Performance
The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70. The company has a market capitalization of C$655.06 million, a P/E ratio of 8.88 and a beta of 0.72. The business's fifty day moving average price is C$15.55 and its 200-day moving average price is C$15.11.
Algoma Central Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, June 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Friday, May 16th. Algoma Central's dividend payout ratio is currently 42.19%.
About Algoma Central
(
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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