Algoma Central (TSE:ALC) Hits New 52-Week High – Still a Buy?

Algoma Central Co. (TSE:ALC) hit a new 52-week high on Thursday . The stock traded as high as C$18.50 and last traded at C$18.31, with a volume of 2629 shares traded. The stock had previously closed at C$18.30.

Algoma Central Stock Performance

The firm has a market capitalization of C$749.29 million, a PE ratio of 7.42 and a beta of 0.12. The company has a debt-to-equity ratio of 50.70, a current ratio of 0.76 and a quick ratio of 2.06. The business has a 50-day simple moving average of C$17.40 and a 200-day simple moving average of C$16.73.

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

Algoma Central Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, December 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.80 annualized dividend and a yield of 4.3%. Algoma Central’s dividend payout ratio (DPR) 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.