Algoma Central (TSE:ALC) Hits New 12-Month High – Time to Buy?

Algoma Central Co. (TSE:ALC)’s stock price reached a new 52-week high during trading on Tuesday. The stock traded as high as C$30.35 and last traded at C$30.16, with a volume of 4,846 shares traded. The stock had previously closed at C$29.10.

Algoma Central Stock Down 0.9%

The business has a 50-day moving average price of C$23.74 and a two-hundred day moving average price of C$22.71. The company has a quick ratio of 2.06, a current ratio of 0.69 and a debt-to-equity ratio of 73.18. The firm has a market cap of C$1.17 billion, a PE ratio of 6.84 and a beta of 0.96.

Algoma Central (TSE:ALC) last announced its quarterly earnings data on Friday, August 7th. The company reported C$0.88 earnings per share (EPS) for the quarter. The business had revenue of C$258.27 million for the quarter. Algoma Central had a return on equity of 17.13% and a net margin of 20.68%. On average, equities research analysts expect that Algoma Central Co. will post 1.90 EPS for the current year.

Algoma Central Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, August 18th. Algoma Central’s payout ratio is presently 19.43%.

Algoma Central Company Profile

Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice ¿.