Algoma Central (TSE:ALC) Reaches New 1-Year Low at $14.03

Algoma Central Co. (TSE:ALC) reached a new 52-week low on Thursday . The stock traded as low as C$14.03 and last traded at C$14.27, with a volume of 11180 shares trading hands. The stock had previously closed at C$14.33.

Algoma Central Trading Up 0.6 %

The company has a current ratio of 0.65, a quick ratio of 2.06 and a debt-to-equity ratio of 56.47. The firm has a market cap of C$582.18 million, a P/E ratio of 8.64 and a beta of 0.72. The stock has a 50 day simple moving average of C$14.40 and a 200-day simple moving average of C$14.51.

Algoma Central (TSE:ALC) last released its quarterly earnings results on Friday, August 2nd. The company reported C$0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.81 by C($0.37). Algoma Central had a net margin of 9.98% and a return on equity of 9.14%. The business had revenue of C$180.97 million for the quarter, compared to analysts’ expectations of C$215.80 million. On average, equities research analysts expect that Algoma Central Co. will post 1.8997326 EPS for the current fiscal year.

Algoma Central Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, September 3rd were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.76 annualized dividend and a yield of 5.30%. Algoma Central’s dividend payout ratio is currently 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.