Algoma Central (TSE:ALC) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Posted by Donna Armstrong on Mar 25th, 2025

Algoma Central Co. (TSE:ALC – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$14.93 and traded as high as C$15.30. Algoma Central shares last traded at C$15.20, with a volume of 4,323 shares traded.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered their price target on Algoma Central from C$18.00 to C$15.00 in a report on Monday, March 17th.

Check Out Our Latest Stock Report on Algoma Central

Algoma Central Stock Down 0.4 %

The company has a quick ratio of 2.06, a current ratio of 0.76 and a debt-to-equity ratio of 50.70. The company has a market capitalization of C$622.31 million, a PE ratio of 8.44 and a beta of 0.72. The company’s 50 day moving average is C$14.93 and its two-hundred day moving average is C$14.84.

Algoma Central Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, March 3rd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.26%. This is a boost from Algoma Central’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, February 14th. Algoma Central’s payout ratio is 42.19%.

Insider Buying and Selling

In related news, Director Richard Brydone Carty sold 2,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$15.10, for a total value of C$30,200.00. 54.61% of the stock is owned by company insiders.

Algoma Central Company Profile

(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.