Algoma Central (TSE:ALC) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Algoma Central Co. (TSE:ALCGet Free Report)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$22.38 and traded as low as C$22.20. Algoma Central shares last traded at C$22.35, with a volume of 848 shares traded.

Algoma Central Stock Performance

The stock’s 50 day moving average price is C$23.33 and its 200 day moving average price is C$22.38. The company has a current ratio of 0.69, a quick ratio of 2.06 and a debt-to-equity ratio of 73.18. The company has a market cap of C$906.69 million, a price-to-earnings ratio of 5.30 and a beta of 0.97.

Algoma Central (TSE:ALCGet Free Report) last released its earnings results on Friday, August 7th. The company reported C$0.88 earnings per share (EPS) for the quarter. Algoma Central had a net margin of 20.68% and a return on equity of 17.13%. The business had revenue of C$258.27 million for the quarter. On average, analysts expect that Algoma Central Co. will post 1.898977 EPS for the current fiscal year.

Algoma Central Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. Algoma Central’s dividend payout ratio (DPR) is currently 19.43%.

Algoma Central Company Profile

(Get Free Report)

Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice ¿.

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