Algoma Central (TSE:ALC) Stock Passes Above 50 Day Moving Average – Time to Sell?

Algoma Central Co. (TSE:ALC)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$23.18 and traded as high as C$24.44. Algoma Central shares last traded at C$23.61, with a volume of 10,454 shares changing hands.

Algoma Central Trading Up 0.8%

The company’s 50 day simple moving average is C$23.19 and its 200-day simple moving average is C$22.25. The firm has a market cap of C$931.85 million, a P/E ratio of 5.44 and a beta of 0.96. The company has a quick ratio of 2.06, a current ratio of 0.69 and a debt-to-equity ratio of 73.18.

Algoma Central (TSE:ALC) last issued its quarterly earnings results on Friday, August 7th. The company reported C$0.88 earnings per share (EPS) for the quarter. Algoma Central had a return on equity of 17.13% and a net margin of 20.68%.The firm had revenue of C$258.27 million during the quarter. As a group, research analysts predict that Algoma Central Co. will post 1.898977 earnings per share for the current fiscal year.

Algoma Central Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, August 18th. Algoma Central’s dividend payout ratio (DPR) 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 ¿.