Algoma Central (TSE:ALC) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Algoma Central Co. (TSE:ALC)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Algoma Central Stock Performance

The stock has a market cap of C$585.02 million, a price-to-earnings ratio of 8.69 and a beta of 0.72. The company’s 50-day simple moving average is C$14.86 and its 200-day simple moving average is C$14.64. The company has a quick ratio of 2.06, a current ratio of 0.65 and a debt-to-equity ratio of 56.47.

Algoma Central Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, December 2nd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date was Monday, November 18th. Algoma Central’s dividend payout ratio (DPR) is presently 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.