Algoma Central (TSE:ALC) Reaches New 1-Year High – Still a Buy?

Algoma Central Co. (TSE:ALC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$19.80 and last traded at C$19.80, with a volume of 4993 shares trading hands. The stock had previously closed at C$19.70.

Algoma Central Stock 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 stock’s 50-day simple moving average is C$19.17 and its 200 day simple moving average is C$17.91. The company has a market capitalization of C$815.82 million, a PE ratio of 8.08 and a beta of 0.46.

Algoma Central (TSE:ALC) last issued its earnings results on Tuesday, November 4th. The company reported C$0.97 earnings per share (EPS) for the quarter. The business had revenue of C$228.04 million during the quarter. Algoma Central had a net margin of 10.59% and a return on equity of 9.26%. As a group, research analysts expect that Algoma Central Co. will post 1.898977 earnings per share for the current fiscal year.

Algoma Central Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, November 17th. Algoma Central’s dividend payout ratio (DPR) is 31.73%.

About Algoma Central

Algoma Central Corp owns and operates the fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company’s Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean SelfUnloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.