Algoma Central (TSE:ALC) Stock Price Crosses Above Fifty Day Moving Average of $16.43

Algoma Central Co. (TSE:ALCGet Rating) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$16.43 and traded as high as C$16.70. Algoma Central shares last traded at C$16.64, with a volume of 13,435 shares trading hands.

Algoma Central Stock Down 0.1 %

The company has a quick ratio of 1.83, a current ratio of 2.17 and a debt-to-equity ratio of 59.28. The company has a market capitalization of C$629.08 million and a P/E ratio of 6.82. The firm has a 50-day moving average price of C$16.43 and a two-hundred day moving average price of C$16.70.

Algoma Central (TSE:ALCGet Rating) last issued its earnings results on Friday, August 5th. The company reported C$1.12 EPS for the quarter, topping the consensus estimate of C$0.77 by C$0.35. The firm had revenue of C$183.46 million during the quarter, compared to the consensus estimate of C$162.50 million. Equities research analysts anticipate that Algoma Central Co. will post 2.12 EPS for the current fiscal year.

Algoma Central Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, September 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.68 annualized dividend and a yield of 4.09%. Algoma Central’s dividend payout ratio (DPR) is currently 27.87%.

Algoma Central Company Profile

(Get Rating)

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes – St. Lawrence Waterway in Canada. The company operates in six segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, Investment Properties, and Corporate. It operates self-unloading bulk carriers; and owns and manages tankers for the transportation of liquid petroleum products throughout the Great Lakes, the St.

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