Algoma Central (TSE:ALC) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of Algoma Central Co. (TSE:ALC) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$18.53 and traded as high as C$19.08. Algoma Central shares last traded at C$18.90, with a volume of 4,123 shares traded.

Algoma Central Stock Down 0.2%

The firm’s 50 day simple moving average is C$18.55 and its 200-day simple moving average is C$17.37. The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70. The stock has a market capitalization of C$765.11 million, a price-to-earnings ratio of 7.57 and a beta of 0.17.

Algoma Central (TSE:ALC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$0.97 earnings per share for the quarter. Algoma Central had a return on equity of 9.26% and a net margin of 10.59%.The company had revenue of C$228.04 million during the quarter. Equities analysts expect that Algoma Central Co. will post 1.898977 earnings per share for the current fiscal year.

Algoma Central Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, November 17th. Algoma Central’s payout ratio is presently 31.73%.

About Algoma Central

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.