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

Algoma Central Co. (TSE:ALC) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Algoma Central Stock Performance

The company’s 50-day moving average price is C$14.96 and its 200 day moving average price is C$14.60. The stock has a market capitalization of C$582.99 million, a PE ratio of 8.66 and a beta of 0.72. The company has a debt-to-equity ratio of 56.47, a quick ratio of 2.06 and a current ratio of 0.65.

Algoma Central Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, December 2nd were paid a $0.19 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.76 annualized dividend and a yield of 5.29%. 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.