Algoma Central (TSE:ALC) Stock Price Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• Algoma Central Co. (TSE:ALC) shares traded above their 50-day moving average of C$16.86, reaching a high of C$16.88 during recent trading.
• The company has declared a quarterly dividend of $0.20 per share, reflecting a dividend yield of 4.8% and an annualized dividend of $0.80.
• Algoma Central operates a fleet of bulk carriers on the Great Lakes and has a market capitalization of C$679.92 million with a P/E ratio of 6.65.

Algoma Central Co. (TSE:ALC - )'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$16.86 and traded as high as C$16.88. Algoma Central shares last traded at C$16.76, with a volume of 2,741 shares changing hands.

Algoma Central Stock Down 0.8%

The business has a fifty day moving average of C$16.86 and a 200 day moving average of C$16.10. The firm has a market cap of C$679.92 million, a P/E ratio of 6.65 and a beta of 0.25. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, September 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Tuesday, August 19th. Algoma Central's dividend payout ratio is 30.95%.

Algoma Central Company Profile

Algoma Central Corp owns and operates the fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean SelfUnloaders, Corporate, Investment Properties, and Global Short Sea Shipping.

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