Algoma Steel Group (TSE:ASTL) Shares Down 3.4% – Should You Sell?

Algoma Steel Group Inc. (TSE:ASTL) fell 3.4% during mid-day trading on Monday . The company traded as low as C$5.69 and last traded at C$5.74. 329,869 shares changed hands during trading, a decline of 48% from the average daily volume of 637,436 shares. The stock had previously closed at C$5.94.

Algoma Steel Group Price Performance

The stock has a market capitalization of C$604.93 million, a PE ratio of -0.56 and a beta of 1.62. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 175.52. The company’s 50 day simple moving average is C$6.73 and its 200 day simple moving average is C$6.25.

Algoma Steel Group (TSE:ASTL) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($1.46) EPS for the quarter. Algoma Steel Group had a negative net margin of 47.22% and a negative return on equity of 125.08%. The business had revenue of C$296.90 million during the quarter. On average, equities analysts anticipate that Algoma Steel Group Inc. will post 1.4795699 earnings per share for the current year.

About Algoma Steel Group

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.