Algoma Central (TSE:ALC) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Posted by Donald Scott on May 21st, 2026

Shares of Algoma Central Co. (TSE:ALC – Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$21.53 and traded as high as C$22.67. Algoma Central shares last traded at C$21.99, with a volume of 14,553 shares.

Algoma Central Stock Down 1.8%

The company has a debt-to-equity ratio of 61.22, a quick ratio of 2.06 and a current ratio of 0.48. The firm has a fifty day simple moving average of C$21.53 and a 200-day simple moving average of C$20.31. The company has a market capitalization of C$892.09 million, a PE ratio of 5.30 and a beta of 0.93.

Algoma Central (TSE:ALC – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share for the quarter. Algoma Central had a return on equity of 17.62% and a net margin of 21.56%.The business had revenue of C$127.78 million during the quarter. Equities research analysts anticipate that Algoma Central Co. will post 1.898977 EPS for the current fiscal year.

Algoma Central Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, June 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, May 15th. Algoma Central’s payout ratio is 19.52%.

About Algoma Central

(Get Free Report)

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.