Algoma Central (TSE:ALC) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Algoma Central Co. (TSE:ALC) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.64 and traded as low as C$14.62. Algoma Central shares last traded at C$14.62, with a volume of 7,400 shares trading hands.

Algoma Central Trading Down 1.4 %

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 business has a 50 day simple moving average of C$14.86 and a two-hundred day simple moving average of C$14.64. The stock has a market cap of C$585.02 million, a price-to-earnings ratio of 8.69 and a beta of 0.72.

Algoma Central Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, December 2nd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend was Monday, November 18th. Algoma Central’s 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.