Algoma Central (TSE:ALC) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Algoma Central Co. (TSE:ALC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.64 and traded as low as C$14.62. Algoma Central shares last traded at C$14.62, with a volume of 7,400 shares traded.

Algoma Central Price Performance

The company has a debt-to-equity ratio of 56.47, a quick ratio of 2.06 and a current ratio of 0.65. The business has a 50 day moving average price of C$14.86 and a 200-day moving average price of C$14.64. The company has a market capitalization of C$593.13 million, a price-to-earnings ratio of 8.81 and a beta of 0.72.

Algoma Central Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, December 2nd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend was Monday, November 18th. Algoma Central’s payout ratio is 45.78%.

Algoma Central Company Profile

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.