Algoma Steel Group (TSE:ASTL) Announces Earnings Results

Algoma Steel Group (TSE:ASTL) posted its quarterly earnings data on Tuesday. The company reported C($1.46) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$296.90 million during the quarter. Algoma Steel Group had a negative net margin of 47.22% and a negative return on equity of 125.08%.

Algoma Steel Group Trading Down 2.6%

TSE ASTL traded down C$0.18 on Tuesday, reaching C$6.86. The company had a trading volume of 513,299 shares, compared to its average volume of 693,959. The firm has a market cap of C$719.85 million, a price-to-earnings ratio of -0.76 and a beta of 1.52. Algoma Steel Group has a fifty-two week low of C$4.20 and a fifty-two week high of C$9.92. The business has a 50 day moving average of C$6.05 and a two-hundred day moving average of C$5.94. The company has a debt-to-equity ratio of 175.52, a current ratio of 2.18 and a quick ratio of 1.51.

Algoma Steel Group Company Profile

Algoma Steel Group Inc is a Canadian company that produces clean and consistent light gauge steel in North America, offering a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production. Geographically it serves Canada, the United States and the rest of the world, whilst driving key revenue from domestic sales. Substantial revenue is generated from the sale of Steel sheets and strips.