Algoma Central (TSE:ALC) Shares Cross Below 200 Day Moving Average – Time to Sell?

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 traded.

Algoma Central Stock Performance

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’s 50-day moving average price is C$14.91 and its 200-day moving average price is C$14.62. The company has a market capitalization of C$594.35 million, a price-to-earnings ratio of 8.83 and a beta of 0.72.

Algoma Central Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders 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 yield of 5.19%. The ex-dividend date was Monday, November 18th. Algoma Central’s dividend payout ratio (DPR) is presently 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.