Algoma Central (TSE:ALC) Stock Crosses Below 200-Day Moving Average – Here’s Why

Algoma Central Co. (TSE:ALC)’s stock price passed 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 traded.

Algoma Central Stock Performance

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

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 5.27%. The ex-dividend date was Monday, November 18th. Algoma Central’s dividend payout ratio (DPR) is presently 45.78%.

About Algoma Central

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.