Algoma Central (TSE:ALC) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Algoma Central Co. (TSE:ALC)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.62 and traded as low as C$14.52. Algoma Central shares last traded at C$14.80, with a volume of 2,211 shares.

Algoma Central Price Performance

The stock has a 50 day moving average of C$14.91 and a two-hundred day moving average of C$14.62. The company has a debt-to-equity ratio of 56.47, a quick ratio of 2.06 and a current ratio of 0.65. The stock has a market cap of C$594.35 million, a PE ratio of 8.83 and a beta of 0.72.

Algoma Central Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, December 2nd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend was Monday, November 18th. Algoma Central’s dividend 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.