Algoma Central (TSE:ALC) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Algoma Central Co. (TSE:ALC) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$18.39 and traded as high as C$18.93. Algoma Central shares last traded at C$18.74, with a volume of 2,989 shares traded.

Algoma Central Stock Performance

The company has a market cap of C$758.62 million, a PE ratio of 7.51 and a beta of 0.17. The stock’s 50 day simple moving average is C$18.41 and its two-hundred day simple moving average is C$17.27. 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 (TSE:ALC) last released its quarterly earnings data on Tuesday, November 4th. The company reported C$0.97 EPS for the quarter. The business had revenue of C$228.04 million during the quarter. Algoma Central had a return on equity of 9.26% and a net margin of 10.59%. As a group, research analysts anticipate that Algoma Central Co. will post 1.898977 earnings per share for the current year.

Algoma Central Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, November 17th. Algoma Central’s dividend payout ratio (DPR) is 31.73%.

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. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.