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

Algoma Central Co. (TSE:ALC) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$21.66 and traded as high as C$22.36. Algoma Central shares last traded at C$22.05, with a volume of 2,842 shares traded.

Algoma Central Price Performance

The firm’s 50-day moving average is C$21.66 and its two-hundred day moving average is C$20.49. The company has a market cap of C$894.52 million, a P/E ratio of 5.31 and a beta of 0.93. The company has a debt-to-equity ratio of 61.22, a current ratio of 0.48 and a quick ratio of 2.06.

Algoma Central (TSE:ALC) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share for the quarter. Algoma Central had a net margin of 21.56% and a return on equity of 17.62%. The company had revenue of C$127.78 million for the quarter. 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 will be paid on Monday, June 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, May 15th. Algoma Central’s payout ratio is presently 19.52%.

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.