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

Algoma Central Co. (TSE:ALC)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.60 and traded as low as C$14.37. Algoma Central shares last traded at C$14.37, with a volume of 1,310 shares changing hands.

Algoma Central Price Performance

The company has a debt-to-equity ratio of 56.47, a current ratio of 0.65 and a quick ratio of 2.06. The company has a fifty day moving average of C$14.98 and a 200-day moving average of C$14.60. The firm has a market cap of C$582.99 million, a P/E ratio of 8.66 and a beta of 0.72.

Algoma Central Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, December 2nd were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.76 annualized dividend and a dividend yield of 5.29%. Algoma Central’s dividend payout ratio is currently 45.78%.

About Algoma Central

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.