Algoma Central (TSE:ALC) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Posted by Donald Scott on Jan 19th, 2025

Algoma Central Co. (TSE:ALC – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.65 and traded as low as C$14.38. Algoma Central shares last traded at C$14.67, with a volume of 7,318 shares trading hands.

Algoma Central Stock Up 0.6 %

The stock’s 50 day simple moving average is C$14.80 and its 200 day simple moving average is C$14.66. The stock has a market capitalization of C$595.16 million, a P/E ratio of 8.84 and a beta of 0.72. The company has a current ratio of 0.65, a quick ratio of 2.06 and a debt-to-equity ratio of 56.47.

Algoma Central Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.18%. The ex-dividend date was Monday, November 18th. Algoma Central’s dividend payout ratio is currently 45.78%.

About Algoma Central

(Get Free Report)

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.