Algoma Steel Group Inc. (TSE:ASTL - Get Free Report) shares were up 0.1% during mid-day trading on Tuesday . The company traded as high as C$9.63 and last traded at C$9.47. Approximately 463,250 shares changed hands during trading, an increase of 100% from the average daily volume of 231,287 shares. The stock had previously closed at C$9.46.
Analyst Ratings Changes
ASTL has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of Algoma Steel Group from C$14.00 to C$13.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. Royal Bank Of Canada set a C$8.00 target price on shares of Algoma Steel Group and gave the stock a "sector perform" rating in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets cut Algoma Steel Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from C$12.00 to C$8.00 in a research report on Tuesday, June 3rd.
Check Out Our Latest Research Report on Algoma Steel Group
Algoma Steel Group Trading Up 0.1%
The company has a debt-to-equity ratio of 43.70, a quick ratio of 1.51 and a current ratio of 3.31. The stock has a market capitalization of C$983.65 million, a PE ratio of -6.50 and a beta of 1.50. The business's 50-day moving average is C$7.81 and its two-hundred day moving average is C$9.82.
Algoma Steel Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 30th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Tuesday, May 13th. Algoma Steel Group's dividend payout ratio (DPR) is presently -18.53%.
Insider Activity
In other Algoma Steel Group news, Senior Officer Michael Moraca bought 3,800 shares of the business's stock in a transaction dated Monday, May 5th. The stock was acquired at an average cost of C$7.82 per share, with a total value of C$29,716.00. Insiders own 7.57% of the company's stock.
About Algoma Steel Group
(
Get Free Report)
Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.
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