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

Algoma Central Co. (TSE:ALC)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$14.79 and traded as high as C$15.50. Algoma Central shares last traded at C$15.15, with a volume of 26,906 shares.

Algoma Central Price Performance

The company has a debt-to-equity ratio of 50.70, a quick ratio of 2.06 and a current ratio of 0.76. The business’s fifty day simple moving average is C$14.79 and its 200 day simple moving average is C$14.78. The stock has a market cap of C$617.40 million, a price-to-earnings ratio of 8.37 and a beta of 0.72.

Algoma Central Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, March 3rd will be paid a $0.20 dividend. This is a boost from Algoma Central’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 5.31%. Algoma Central’s payout ratio is 42.19%.

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.