Algoma Central Co. (TSE:ALC - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$15.99 and traded as high as C$16.30. Algoma Central shares last traded at C$16.17, with a volume of 1,520 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets dropped their target price on shares of Algoma Central from C$18.00 to C$15.00 in a report on Monday, March 17th.
Read Our Latest Analysis on Algoma Central
Algoma Central Trading Down 0.7%
The business's 50 day simple moving average is C$15.99 and its 200 day simple moving average is C$15.29. The stock has a market cap of C$662.02 million, a price-to-earnings ratio of 8.98 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.
Algoma Central Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors 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 4.95%. The ex-dividend date of this dividend was Friday, May 16th. Algoma Central's payout ratio is presently 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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