Algoma Central (TSE:ALC) Reaches New 12-Month High – Should You Buy?

Shares of Algoma Central Co. (TSE:ALC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$24.24 and last traded at C$24.24, with a volume of 3915 shares trading hands. The stock had previously closed at C$23.90.

Algoma Central Stock Performance

The firm has a market cap of C$993.51 million, a P/E ratio of 5.90 and a beta of 0.96. The company has a debt-to-equity ratio of 61.22, a quick ratio of 2.06 and a current ratio of 0.48. The stock’s 50-day moving average is C$22.67 and its 200 day moving average is C$21.88.

Algoma Central (TSE:ALC) last posted its earnings results on Friday, August 7th. The company reported C$0.88 earnings per share for the quarter. Algoma Central had a return on equity of 17.62% and a net margin of 21.56%.The firm had revenue of C$258.27 million for the quarter. On average, research analysts predict that Algoma Central Co. will post 1.898977 earnings per share for the current year.

Algoma Central Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Algoma Central’s dividend payout ratio (DPR) is currently 19.52%.

About Algoma Central

Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice ¿.