Algoma Central Co. (TSE:ALC - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$15.76 and traded as high as C$16.12. Algoma Central shares last traded at C$16.10, with a volume of 3,849 shares.
Analysts Set New Price Targets
Separately, BMO Capital Markets cut their price objective on Algoma Central from C$18.00 to C$15.00 in a research report on Monday, March 17th.
Check Out Our Latest Analysis on ALC
Algoma Central Stock Down 0.4%
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 firm has a market cap of C$657.52 million, a price-to-earnings ratio of 8.92 and a beta of 0.72. The firm has a 50-day moving average of C$15.82 and a two-hundred day moving average of C$15.19.
Algoma Central Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, June 2nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.98%. The ex-dividend date was Friday, May 16th. Algoma Central's 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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