Algoma Central (TSE:ALC) Stock Crosses Above 50-Day Moving Average of $16.50

Algoma Central Co. (TSE:ALC)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$16.50 and traded as high as C$17.26. Algoma Central shares last traded at C$17.17, with a volume of 9,839 shares traded.

Separately, M Partners reissued a “buy” rating on shares of Algoma Central in a research report on Thursday, August 5th.

The company has a current ratio of 1.95, a quick ratio of 1.64 and a debt-to-equity ratio of 78.72. The company has a market cap of C$649.04 million and a PE ratio of 10.98. The firm has a 50 day moving average of C$16.50 and a two-hundred day moving average of C$16.70.

Algoma Central (TSE:ALC) last posted its quarterly earnings results on Thursday, August 5th. The company reported C$0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.52 by C$0.26. On average, research analysts forecast that Algoma Central Co. will post 1.5700001 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Wednesday, September 1st were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, August 17th. This represents a $0.68 annualized dividend and a dividend yield of 3.96%. Algoma Central’s dividend payout ratio (DPR) is presently 38.36%.

Algoma Central Company Profile (TSE:ALC)

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 12 self-unloading bulk carriers and 8 gearless bulk carriers; and owns and manages eight double-hull product tankers for the transportation of liquid petroleum products throughout the Great Lakes, the St.

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