Shares of Algoma Central Co. (TSE:ALC - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.
Analyst Ratings Changes
Separately, BMO Capital Markets reduced their price target on shares of Algoma Central from C$18.00 to C$15.00 in a research report on Monday, March 17th.
View Our Latest Stock Report on Algoma Central
Algoma Central Stock Up 0.4%
The company has a debt-to-equity ratio of 50.70, a quick ratio of 2.06 and a current ratio of 0.76. The business's 50 day moving average is C$15.99 and its 200-day moving average is C$15.31. The stock has a market cap of C$665.30 million, a price-to-earnings ratio of 9.02 and a beta of 0.72.
Algoma Central Announces Dividend
The company also recently declared 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 4.92%. Algoma Central's payout ratio is 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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