Algoma Central (TSE:ALC) Reaches New 1-Year High – Time to Buy?

Algoma Central Co. (TSE:ALC)’s share price reached a new 52-week high during trading on Monday. The stock traded as high as C$30.87 and last traded at C$30.10, with a volume of 10,620 shares. The stock had previously closed at C$28.87.

Algoma Central Stock Up 4.3%

The company has a debt-to-equity ratio of 73.18, a current ratio of 0.69 and a quick ratio of 2.06. The stock’s fifty day simple moving average is C$24.26 and its 200-day simple moving average is C$22.95. The stock has a market cap of C$1.22 billion, a P/E ratio of 7.13 and a beta of 0.96.

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

Algoma Central Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, August 18th. Algoma Central’s dividend payout ratio is presently 19.43%.

About Algoma Central

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 ¿.